OHCS outlines Moderate Income Revolving Loan Fund: $50M available now, $10M rural set‑aside
OHCS staff briefed senators on the Moderate Income Revolving Loan Fund created in 2024: $75.37M was authorized, with $50M available this biennium and a $10M rural set‑aside. The fund issues 0% loans to sponsoring jurisdictions, repaid via program fees in lieu of property taxes to replenish a revolving pool.
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Oregon Housing and Community Services staff described implementation steps and early uptake for the Moderate Income Revolving Loan Fund (MIRLF) during the Senate committee’s Nov. 17 informational hearing.
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