Dear Partners and Stakeholders,

In August 2022, the Housing Stability Council approved a framework to provide gap funding for LIFT Homeownership projects that, due to the market conditions, face project cost increases.

These resources will be focused on projects with current reservation of OHCS funds from 2019, 2020, and 2021. Projects selected during the 2022 NOFA cycle are not currently eligible for HMCOF funds.

Complete details regarding request submission requirements can be found under “Homeownership Market Cost Offset Fund” on OHCS’ Local Innovation and Fast Track (LIFT) Homeownership webpage.

Requests are due by 5 p.m. Oct. 28, 2022. The detailed narrative and documentation for the HMCOF must be completed in full and emailed to