With action expected on the HUD FY 2012 appropriations bill next week, the National Housing Conference has put together a spreadsheet HERE showing how HOME dollars were spent by state from 1992-2011 including a count of completed units produced for different purposes.
I culled out the Oregon data into PDF HERE and added some calculations to show how much was used for different purposes. Some observations:
- Nearly 24,000 completed units in Oregon have received HOME assistance; 2,200 were home buyers and homeowners and the remainder of HOME assistance went for rental housing.
- 91% of $$ and 90% of Oregon HOME units completed were for rental housing.
- The vast majority of Oregon HOME rental assistance went for Tenant Based Rental assistance. TBRA units accounted for 72% of all completed HOME units in Oregon--this was the HIGHEST percentage for any state in the country. The 14% of HOME funding spent for TBRA in Oregon was also the HIGHEST percentage in the country.
- Oregon HOME non TBRA rental average costs per completed unit were 59% higher than the US average ($50,488 vs. $31,819). [This may have been because units were targeted for those with the lowest incomes. Feel free to add comments to this post if other known reasons account for cost differences].
- All other HOME uses (home buyer, homeowner rehab, and TBRA) in Oregon had average per completed unit costs that were less than the national average.