OHCS is seeking applications through a Notice of Funding Availability (NOFA) for the creation of homeownership opportunities that will serve qualified low- to moderate-income homebuyers statewide. The NOFA contains multiple award opportunities through two funding sources: Article XI-Q bonds that fund the Local Innovation and Fast Track (LIFT) program and state General Funds for the Homeownership Development Incubator Program (HDIP). A primary goal for both funding sources is to support the development of diverse homeownership options that meet local communities’ needs, including rural communities and communities of color.

The funding categories available through this NOFA includes LIFT Homeownership, LIFT Supplemental Grants, Development Subsidies, Pre-Development and Capacity Building Grants, and Grants for Federally Recognized Tribes. OHCS encourages applications from not-for-profit organizations, for-profit organizations and private developers, Tribally designated housing entities, federally recognized Tribes, and public housing agencies. The NOFA details the different funding categories, eligibility criteria, terms, and application and evaluation processes. Applicants are strongly advised to read the NOFA carefully before beginning their application.

The NOFA includes a two-step process. First, applicants must complete a pre-application by Jan. 17. The full application is due Feb. 17. Key dates for NOFA #2023-3 are listed below:

  • NOFA published: Dec. 15
  • Pre-applications due: Jan. 17 by 5 p.m.
  • Last day to submit questions: Feb. 14 by 5 p.m.
  • Applications due Feb. 17 by 5 p.m.
  • Awards announced by June.

Optional information sessions will be held on the following dates:

  • Topic: LIFT & Development Subsidies
  • Topic: Set Aside Grants for Federally Recognized Tribes

The information sessions will be recorded and posted to the NOFA website. The NOFA and all related documents can be found at https://www.oregon.gov/ohcs/homeownership/Pages/notice-of-funds-availability.aspx.