2022 Combined Pool Application Instructions update for PMDP Subsidies
Dear Partners,
In response to inflationary and other cost-increase pressures, the Housing Stability Council approved changes to subsidy limits for the Preservation of Manufactured Dwelling Parks (PMDP) program on December 2, 2022.
This notice serves to update the current open Combined Pool Application funding limits for the Preservation of Manufactured Dwelling Parks, effective immediately. As updated through Housing Stability Council, the new funding limits for the PMDP offering is:
Manufactured Dwelling Park Preservation subsidy limit is established to be up to 60% of the park acquisition price plus the cost of critical infrastructure needs.
Note: Acquisition prices must be supported by an appraisal, and the infrastructure needs must be validated through the private lender and a third-party Capital Needs Assessment.
As a reminder to our partners, the application period for the currently open 2022 Combined Pool Application will close on December 15, 2022 so that any submitted applications can be reviewed and funding recommendations finalized. Any resources remaining in the Preservation and PuSH pools will be moved to the competitive Preservation NOFA per the funding calendar.
OHCS will open the 2023 Pool Application in early January 2023. The 2023 Pool will include Preservation of Manufactured Dwelling Parks and Oregon Affordable Housing Tax Credit non-competitive pools.
