Oregon Housing and Community Services – 08/08/23 9:55 AM
SALEM, OR – The Oregon Housing Stability Council approved $38.7 million in Permanent Supportive Housing (PSH) funding to six affordable housing developments across the state. These investments from Oregon Housing and Community Services (OHCS) will provide 227 homes for people experiencing chronic homelessness or who need supportive services in addition to housing.
Permanent supportive housing is housing with on-site services connecting resident to food resources, transportation, employment, behavioral health support, and more. Rental assistance is also provided for individuals and families.
“Housing is at the intersection of everything,” says OHCS Director, Andrea Bell. “In centering the needs of Oregonians, we and partners across the state are continuing to work together to deliver results in building more affordable housing. This remains our focus.”
This was a competitive application process. OHCS received a total of nine applications, amounting to $40 million in PSH funding requests, greater than the available capital. OHCS is grateful to the internal and external scoring committees for their diligent evaluation of the applications. After careful review, six projects emerged for funding recommendation.
The developments receiving awards include:
|Third Street Commons
|$9.2 million in capital funds
|$12 million in capital funds
|Bridges on Broadway
|$8.4 million in capital funds
|$6.1 million in capital funds
|Rental assistance and services funding
|$3 million in Housing Trust Fund
The objective of OHCS’ PSH Program is to expand the state’s supply of affordable housing designed to serve households experiencing chronic homelessness. This successful housing method is a cost-effective measure shown to increase housing stability and improve health. PSH reduces public reliance on crisis services while ensuring people who previously experienced homelessness now have dignified housing options.
“By approving these funding recommendations, OHCS is taking a crucial step forward in addressing the pressing housing needs for people experiencing homelessness,” said Bell. “The PSH program helps provide more safe and secure places where individuals can reach their true potential.”
For more detailed information about each recommended project, please refer to the Housing Stability Council packet from Aug. 4, 2023.