Oregon Housing and Community Services Housing Stability Council Meeting Agenda Packet May 2026
State funding package reserved for Farmdale Apartments
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Description
OHCS is reserving a package of state resources, including $9.57 million in LIFT and associated tax credits and bonds, to Marion County Housing Authority for the 45‑unit Farmdale Apartments redevelopment in Woodburn. The funding underpins 30 years of affordability and supports farmworker and family households.
Contract Details
Contract Amount
$9,570,000 LIFT; $1,025,731 annual 4% LIHTC allocation; Up to $16,533,000 conduit bonds; $3,26,0412 AWHTC; $6,000,000 OAHTC
Vendor
MARION COUNTY HOUSING AUTHORITY (MCHA)
Agency
Oregon Housing and Community Services, OR
Contract Type
FINANCIAL_SERVICES
Document Date
May 1, 2026
Contract Term
30 years affordability term
Renewal Info
Initial funding reservations through ORCA 4% LIHTC and related programs; final commitments contingent on OHCS underwriting and Finance Committee authority. Affordability restricted for 30 years.
Issuing Agency
Oregon Housing and Community Services
State Housing Authority
Salem, OR
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