Deschutes County Board of Commissioners AgendaPacket Meeting Agenda and Staff Reports 2026-05-11
County to amend Workforce HOME MOU with NeighborImpact
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Description
Deschutes County plans to amend its existing Workforce HOME Fund MOU with NeighborImpact to allow certain Rooted Homes buyers to obtain HELOCs under strict affordability safeguards. The agreement covers administration of a $320,000 County-funded program supporting deed-restricted workforce homeownership for median-income earners.
Contract Details
Contract Amount
$320,000 (initial County commitment)
Vendor
NEIGHBORIMPACT
Agency
River Forest Acres Special Road District, OR
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
Effective upon full partner signatures; terminates upon expiration of the last twenty-year deed restriction recorded under the initial budget funds
Renewal Info
MOU automatically terminates upon expiration of the last 20-year deed restriction recorded using the initial $320,000 funding; parties may extend or terminate by unanimous written agreement. Current action modifies HELOC-related restrictions but does not change the termination construct.
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