Oregon Housing and Community Services Awards Financial Services Contract to Chrisman Development Inc. (August 2026)

Oregon Housing and Community Services plans to reserve up to $2.7 million in Preservation funds, $1.05 million in 9% LIHTC, and OAHTC-backed permanent financing for Chrisman Development, Inc. to rehabilitate and preserve the 37-unit Gateway Apartments in Cottage Grove. The project will extend affordability for 60 years and retain HUD project-based assistance.

Scope & details

The full contract record, as filed.

Contract amount

Up to $2,700,000 in Preservation funds; $1,050,000 in 9% LIHTC; OAHTC on $4,400,000 permanent loan

Contract type

FINANCIAL_SERVICES

Contract term

60 years affordability term; anticipated closing date 2027-01-13

Renewal date

2087-01-13

Renewal

Initial long-term affordability period of 60 years; financing reservation subject to ORCA Financial Eligibility and Commitment steps. No explicit renewal options described.

Document type

AgendaPacket

Source document

Oregon Housing & Community Services AgendaPacket Housing Stability Council Meeting 2026-08-07

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Oregon Housing and Community Services?

Chrisman Development Inc. was awarded this financial services contract by Oregon Housing and Community Services, as recorded on August 7, 2026. The contract value is Up to $2,700,000 in Preservation funds; $1,050,000 in 9% LIHTC; OAHTC on $4,400,000 permanent loan.

How much is the Chrisman Development Inc. contract with Oregon Housing and Community Services worth?

The Chrisman Development Inc. contract with Oregon Housing and Community Services is valued at Up to $2,700,000 in Preservation funds; $1,050,000 in 9% LIHTC; OAHTC on $4,400,000 permanent loan, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Oregon Housing & Community Services AgendaPacket Housing Stability Council Meeting 2026-08-07 (AgendaPacket), dated August 7, 2026 from Oregon Housing and Community Services. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Chrisman Development Inc. hold?

Chrisman Development Inc. may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Chrisman Development Inc.'s profile

What is Oregon Housing and Community Services currently buying?

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