FINANCIAL_SERVICESAPPROVED

Oregon Housing and Community Services Housing Stability Council Meeting Agenda Packet May 2026

Conduit bond approval for Hillside Park D&E project

Up to and not to exceed $41,995,000Oregon Housing and Community ServicesHILLSIDE PARK D&E HOUSING PARTNERS LIMITED PARTNERSHIPMay 1, 2026

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Description

The Housing Stability Council approved up to $41.995 million in pass-through revenue bond financing for Hillside Park D&E Housing Partners Limited Partnership to construct 164 affordable units at Hillside Park Buildings D & E in Milwaukie. The approval is contingent on satisfying OHCS, lender, and Treasurer requirements and carries a 30‑year affordability commitment.

Contract Details

Contract Amount

Up to and not to exceed $41,995,000

Vendor

HILLSIDE PARK D&E HOUSING PARTNERS LIMITED PARTNERSHIP

Agency

Oregon Housing and Community Services, OR

Contract Type

FINANCIAL_SERVICES

Document Date

May 1, 2026

Contract Term

30 years affordability term; bond term not specified

Renewal Info

Initial approval of conduit bond financing limit; final issuance and terms subject to OHCS underwriting, Finance Committee approval scheduled for June 2, 2026, and Treasurer approval. Affordability restricted for 30 years.

Issuing Agency