Oregon NSP Report Through July Shows Progress in Spending But Unit/Beneficiary Goal Achievement is Lagging, Especially Land Banking.

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
Total	471	87	18%	267	60	22%
Acquisition	18	0	0%	8	0	0%
Clearance	0	0	N/A	0	0	N/A
Homeownership	185	43	23%	185	43	23%
Land Banking	120	0	0%	0	0	N/A
Public Facilities / Economic Dev	1	0	0%	0	0	N/A
Residential New Construction	10	0	0%	0	0	N/A
Residential Rehab	137	44	32%	74	17	23%
Other	0	0	N/A	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.