New HUD report on Oregon NSP 1 peformance through July is HERE. Report shows that 92% of FUNDING has been "committed" and 43% has been "expended".
However, table on page 4 shows that only 18% of the 471 unit goal has been accomplished and only 22% of the 267 household beneficiary goal has been accomplished.
I prepared this table showing a breakout by planned activity:
|Activity||Unit Goal||Unit Achieved||% of UNIT Goal Achieved||Beneficiary Goal||Beneficiary Achieved||% of Beneficiary Goal Achieved|
|Public Facilities / Economic Dev||1||0||0%||0||0||N/A|
|Residential New Construction||10||0||0%||0||0||N/A|
Land Banking Progress Would Improve Goal Accomplishment % Substantially. Since there is zero accomplishments yet for the 120 unit land banking goal, appears that even modest increases would substantially boost OHCS overall goal accomplishment.
OHCS IS exceeding the 25% low income beneficiary set aside, achieving 40%.
Originally created and posted on the Oregon Housing Blog.