OHCS Bill Removing Admin Cap Could Reduce Funding Remaining for Housing Programs.

HB 2152 is scheduled for a first hearing on Thursday, March 24th.

Hearing details: 

House General Government and Consumer Protection Committee
Time:  8:00 A.M.
Room: HR E

Bill summary and text HERE indicates it would remove the 5% admin fee limitation for the Housing Development and Guarantee Account.  This change would have the net effect of reducing the funds available for program costs, if OHCS moves to increase their admin fees in the future. Net effect would likely be a reduction in units produced using this funding.

With decline in activity in the SF bond program that provided significant fee income and recent bump in MF application processing fees, its clear that OHCS is looking at multiple new ways of funding its operations. 

[My prior post on the OHCS current services budget is HERE].

Originally created and posted on the Oregon Housing Blog.