Affordable Housing Trust Fund
2022 Funding Awarded
The Eugene City Council approved the use of Affordable Housing Trust Funds (AHTF) to support two low-income housing projects that applied for the funds earlier this year.
- $670,000 was awarded to SquareOne Villages for Peace Village, a new construction of 70 owner-occupied tiny homes for low-income households located on River Road.
- $350,000 was awarded to Saint Vincent De Paul of Lane County for Green Lane Veteran’s Housing, a new construction of 10 units of transitional housing for veterans experiencing homelessness on Green Lane.
The next RFP for housing development funds will be released in early 2023.
What is the Affordable Housing Trust Fund?
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.
- $1.3 million from AHTF will leverage more than $48 million to support new affordable housing in Eugene
- AHTF is supporting creation of 130 new rental units and 70 new owner-occupied tiny homes
- AHTF kept over 100 local families and individuals in their homes in the wake of the pandemic with rental assistance and foreclosure prevention funds @(Model.BulletStyle == CivicPlus.Entities.Modules.Layout.Enums.BulletStyle.Decimal ? "ol" : "ul")>
How are the funds spent?
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.
To learn more about affordable housing and non-profit partners in Eugene, please visit the Looking for an Affordable Home webpage.