Tax credits available for farmworker housing

Salem, OR – July 8, 2009 – (RealEstateRama) – Oregon Housing and Community Services (OHCS) today announced a continuing funding opportunity for farmworker housing.

The agency’s Farmworker Housing Tax Credit program for 2009 has $2.3 million in remaining tax credits available to construct, acquire and/or rehabilitate housing for low- or very-low-income farmworkers. The credits are awarded for up to 50 percent of all eligible costs for improving or constructing the housing and can be taken over a five year period. The credits may also be sold. 

Farmworker housing is housing that is occupied only by farmworkers and their immediate families. The housing may be year-round or seasonal, in-town or on-farm. The housing must be located in Oregon and remain designated for farmworker use for a minimum of 10 years.

Applications for these tax credits will be taken on a first-come, first-served through December 31, 2009. Application must be made no later than 180 days from construction start. For more information please contact Loren Shultz, OHCS program advisor, at 503-986-2008 or email loren.shultz (at) hcs.state.or (dot) us.

Oregon Housing and Community Services is the state’s housing finance agency and community services program administrator. The department provides financial and program support to create and preserve opportunities for quality, affordable housing serving Oregonians of lower and moderate income, and administers federal and state antipoverty, homeless, energy assistance and community service programs. The OHCS mission is to “Provide leadership that enables Oregonians to gain housing, become self-sufficient and achieve prosperity.”  Click on http://www.ohcs.oregon.gov/.

Contacts:
Loren Shultz, 503-986-2008, loren.shultz (at) state.or (dot) us
Dave Summers, 503-986-2073, david.summers (at) state.or (dot) us

 

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Oregon Housing and Community Services (OHCS) is Oregon's housing finance agency, providing financial and program support to create and preserve opportunities for quality, affordable housing for Oregonians of lower and moderate income.

Contact:

Salem Office (Main)
725 Summer Street NE, Suite B
Salem OR 97301-1266
Phone: 503-986-2000
Fax: 503-986-2020
TTY: 503-986-2100

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