The HPFC is a critical member of the Housing Investment and Portfolio Preservation (HIPP) team in the Portland Housing Bureau (PHB) that invests City resources to create affordable housing projects/units. The HIPP team is responsible for structuring the City’s investments in affordable housing and works collaboratively with other government agencies and non-profit and private partners. Projects are developed mainly through public-private partnerships with for-profit developers and non-profit community development corporations. Projects are selected largely through competitive solicitations that provide selected sponsors/developers with subordinated, subsidized loans and/or grants as gap financing to leverage other sources of capital including commercial loans, tax credits investments, and grants/other subsidies.

For PHB’s website posting CLICK HERE 

For a PDF announcement CLICK HERE