Friday, September 17, 2010

Portland Housing Bureau Awards $1.37 Million in Homeownership Funds to Non Profits.

PR is HERE.  Summary of award amounts and organizations:
  • $968,250 was awarded to the Minority Homeownership Assistance Collaborative (MHAC), led by the Native American Youth and Family Center (NAYA Family Center). MHAC is a strategic partnership of NAYA, the African American Alliance for Homeownership, Hacienda CDC, and the Portland Community Reinvestment Initiatives (PCRI). A total of $600,000 of the entire MHAC award will fund downpayment assistance loans for people seeking to buy homes in the Interstate and Lents urban renewal areas (URA), while $62,000 is available for homebuyers seeking to purchase homes elsewhere in the city. Another $206,250 will fund homebuyer education and counseling, and $100,000 of the total award will fund services aimed at helping people avoid foreclosure.
  • Proud Ground received $173,550 for down payment and closing cost assistance, as well as education and counseling activities.
  • The Portland Housing Center is awarded $123,200 to provide homebuyer education and counseling.
  • Habitat for Humanity Portland-Metro East received $92,500 to fund down payment assistance loans in Interstate and Lents, and $10,000 to provide homebuyer education and counseling.
  • The Asian Pacific Islander Community Investment Association (APICIA) received $10,000 to provide help for homebuyers seeking assistance with down payment and closing costs.
Full disclosure: I was one of several people who served on an advisory committee for this RFP; decision making remained with the Bureau.

Originally created and posted on the Oregon Housing Blog.

No comments:

Post a Comment