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OHCS presents SB 684 report proposing mixed‑income revolving loan fund to bridge construction financing gaps
Summary
OHCS presented a report requested by SB 684 outlining options for a mixed-income construction revolving loan fund to address a typical 25% financing gap that deters private investment. Recommendations include below‑market loans, equity investments, bond-backed lending, and statutory flexibility on AMI targets.
Natasha DeWiler Davey, OHCS Director of Affordable Rental Housing, presented the SB 684-mandated report on Nov. 17 describing how a mixed‑income housing revolving loan fund could unlock stalled market and affordable projects. The report examined financing structures used in other states and pilots, and suggested tools to address a common financing gap in construction stacks.
DeWiler Davey said public financing could take the form of direct below‑market loans, risk‑sharing…
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