OHCS Publishes NSP Substantial Amendment for Comment, Expanding Eligible Census Tracts.

On the heels of the recent Notice from HUD advising of the ability of some NSP1 grantees (including Oregon) to expand the areas eligible for NSP1 funding, OHCS has published a Subtantial Amendment Notice HERE advising of a planned expansion of eligible areas for Oregon. The revised areas would cover 47% of the census tracts in the state.

Another change in the substantial amendment would remove the requirement for a "soft second" loan, substituting any form of assistance permitted by the NSP program.

Comments will be accepted through COB April 23rd.

Originally created and posted on the Oregon Housing Blog.