OHCS MIRL bridge financing setup
City of BurnsOregon- Detected
- Sep 30, 2026
- 35 days ago
- Sector
- Grants
- Est. value
- Free account
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From the meeting
The packet proposed using Oregon Housing and Community Services Moderate-Income Revolving Loan (MIRL) funds as a bridge for URA incentive payments and system development charge (SDC) reimbursements before tax increment arrives. The memo says the City would adopt enabling authority, sign an OHCS master agreement, and then execute an IGA with the URA. This is a near-term funding move for housing-related incentive cash flow, not a finished award.
- Meeting date
- September 30, 2026
- Agency
- City of Burns
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