Tuesday Meet of the Oregon Facilities Authority Would Bring Approvals to $385 Million, Includes FHA Insured Hospital, and Reduced Future Disclosures?

The next OFA meeting is scheduled for next Tuesday, March 16, 1:15 p.m. - 3:15 p.m. Meeting details:

K&L Gates, LLP, 222 SW Columbia St.,KOIN Conference Room, To attend by teleconference, Dial-In #: 888-529-0350, Participant Passcode: 503 802 2102

I have updated the OFA CY 2010 Meeting Packets link in the right pane to include the March packet.

Three agenda items I have noted (Bookmarks panel in meeting packets has links to these items).

1.$33 Million FHA Insured Hospital in Stayton. Preliminary approval is recommended for a $33 Million FHA hospital loan in Stayton, Oregon. Packet indicates this would be for "construction of an approximately 50,000 ft medical facility in which the Applicant will provide surgical services, obstetrical services, and intensive care unit services."

2. $32 Million Willamette University Preliminary Approval.

3. Admin Rule Discussion to Reduce Transparency Seems Odd Given $385 Million in Deals to Date, and Push for Greater Governmental Transparency.
I count a total of $385 million in OFA approvals or pending approvals to date. As a result of concerns from some lenders, OFA will begin discussing upcoming Admin rule changes that would reduce disclosure on at least some OFA deals. This seems inconsistent with the trend toward greater governmental transparency, especially since OFA bond issuance is substantially higher than in recent years.

Originally created and posted on the Oregon Housing Blog.