Friday, July 9, 2010

NSP Snapshot Report for Oregon, End of May.

Report is HERE

Report shows that statewide 43% ($8.3 million) of funds were committed as of end of May, but continues to show only ONE family had received assistance.

However, I recently saw news story HERE indicating that Gresham, a sub grantee, had completed obligating 100% of their funding ($431k), after expanding eligible areas and the amount per purchaser from $10,000 to $25,000. Story says that 20 homes were sold. 

I expect that other sub grantees are rushing to commit there funds and would expect an end of June report to show a substantial increase in obligations AND the number of families served.

Originally created and posted on the Oregon Housing Blog.

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