The Affordable Housing Trust Fund provides critical funding for local housing and is one part of a larger effort to help address the housing challenge in Eugene. In 2019, the Eugene City Council passed Ordinance No. 20609 establishing a construction excise tax (CET) in Eugene. (An information sheet about Eugene's construction excise tax is available.) The tax creates a dedicated source of funding for affordable housing in Eugene, called the Affordable Housing Trust Fund.
$2.2 million from AHTF will leverage $45 million to fund the construction of 178 new affordable homes in Eugene
AHTF is helping create 74 homes affordable for low-income homebuyers, 56 permanent supportive homes for people exiting homelessness, 38 permanent supportive homes for people with conviction histories, and 10 supportive homes for Veterans exiting homelessness
AHTF kept over 100 local families and individuals in their homes in the wake of the pandemic with rental assistance and foreclosure prevention funds
The Affordable Housing Fund can be used for projects and programs that increase availability and access to owner- and renter-occupied housing that is affordable to lower-income community members. Examples of how these funds may be used include:
Gap financing for the development of new affordable housing
Acquisition of existing housing or non-residential buildings that will become affordable housing
Direct assistance for renters
Down payment assistance for home buyers
An advisory committee of community members provides input and recommendations to staff on the use of Affordable Housing Trust Funds resources.
If you would like to keep informed about the Affordable Housing Trust Fund, please sign up to join the list for interested parties. Information including notifications of meetings, events, committee recruitment, and participation opportunities will be delivered to your inbox.