Affordable Housing Development Programs
Affordable Housing Development
Housing Development programs includes funding for acquisitions, new construction, rehabilitation, and project-related soft costs. Eugene awards funds in this category through an annual Housing Request for Proposals. Subsidies for development include land, HOME Investment Partnership Program funds, system development charge waivers, and property tax exemptions. Regulatory incentives include density bonuses and reduction of parking requirements. Projects receiving funds include small developments for special need populations as well as medium sized affordable housing development.
Housing Request for Proposals (RFP)
The HOME Investment Partnership Program is a federal program administered by the U.S. Department of Housing and Urban Development (HUD) to expand affordable housing opportunities for low-income persons. Eugene and Springfield receive HOME funds jointly as the Eugene-Springfield HOME Consortium. Eugene receives the HOME funds from HUD on behalf of the HOME Consortium and is responsible for the oversight and administration of HOME funds in the entire Consortium area. HOME funds are offered as a development subsidy through the annual Affordable Housing Request for Proposals (RFP) process. The HOME Consortium Governing Board makes final decisions for use of HOME funds for development projects based on the input of the Board’s Evaluation Committee and direction of the respective cities. Each City Council may also award other development incentives to the project proposals through the RFP process. Recent previously awarded proposals are available for review.