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Preference-policy update: home repairs and homeownership gains; security-deposit pilot serves 43 families; wait-list changes proposed
Summary
Staff reported home repair and homeownership progress under the preference policy, summarized a security-deposit pilot that has assisted 43 families to date, and outlined planned wait-list-management changes intended to speed leasing and reduce administrative burden.
Portland Housing Bureau staff and program partners updated the oversight committee on several ongoing elements of the North Northeast preference policy: home repair loan activity, homeownership outcomes, a security-deposit pilot, and planned changes to wait-list management for preference-policy applicants.
John Chien, neighborhood housing preservation manager, said the bureau recently hired an additional housing construction coordinator to manage home repair loan projects. He reported three completed home repair projects this year, five projects ready to start and about 13 projects in process. Chien described the loan product as a 0% interest, 0-payment loan forgiven if the homeowner remains in place (he described the lien being forgiven after a continued residency period), with the maximum loan amount tied to a homeowner’s equity up to $40,000.
Ira Bailey (homeownership update) said the preference-policy-related…
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