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Metro Affordable Housing Bond Developer Fact Sheet Feb 2020 PDF Open.pdf

Developer Fact Sheets 2.11.20.pdf
Preview of Metro affordable housing bond developer fact sheet Feb 2020 PDF Open
🔗 Source: oregonmetro.gov
📊 Size: 632 KB
📄 Pages: 3 pages
⬇️ Downloads: 150

Summary

Metro Affordable Housing Bond Measure proceeds can be used for "affordable housing" in Washington, Clackamas, and Multnomah counties, defined as residential units occupied by households making 80% or less of area median income. Eligible costs include capital costs of construction, acquisition, and rehabilitation, as well as predevelopment costs. Ineligible costs include market-rate housing construction, project operating costs, and rental assistance. The bond proceeds will be distributed through Local Implementation Partner Jurisdictions, which will select projects and manage funding disbursement. Developers will be required to record a restrictive covenant or regulatory agreement ensuring affordability for at least 60 years. Metro will also track project outcomes related to advancing racial equity, including community engagement, economic opportunities, and access to housing opportunities for historically marginalized communities.

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Description

Metro Affordable Housing Bond Measure proceeds can be used for "affordable housing" in Washington, Clackamas, and Multnomah counties, defined as residential...

Technical Information

  • File Format: PDF
  • File Size: 632 KB
  • Pages: 3
  • Language: EN
  • Total Downloads: 150
  • Last Updated: 4 days ago

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