The February 16th meeting of the Oregon Facilities Authority will include final consideration of a $1.315 million bond issue to refinance a 60 unit LIHTC downtown Portland rental project (Morrison Park Apartments) owned by the non profit, Innovative Housing. This would be the 6th rental project refinancing approved by OFA in the last month(my earlier post about Central City Concern refinancing of 5 rental project is HERE; Total units in these 6 projects are 513 units).
The Feb 16th. Board packet contains other information, including a proposal to eliminate an existing review of lender underwriting by the OFA Financial Advisor, and a OFA bill [HB 3646] now in the Oregon House that would expand the types of loans OFA can offer.
Where to Find Cumulative CY 2010 OFA Board Packets
Similar to what I have done for both HAP and the Oregon Housing Council meetings, I have begun a calendar year cumulative packet of Board materials for the Oregon Facilities Authority in the right pane of the blog. The current posting includes the Board packet for the February 16th meeting.
Look in the right pane AND/OR bookmark " OFA CY 2010 Meeting Packets" to find all the Board packets for OFA for CY 2010. (postings begin with February meetings, the first meetings where information posted on the OFA website).
Originally created and posted on the Oregon Housing Blog.
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