Hardest Hit Program Changes, Admin Expenses Up to $35 Million.

OHCS recently announced changes in the $220 million Oregon Hardest Hit program with a Director's Announcement HERE. 

I located the official 7th amendment to the Hardest Hit agreement with US Treasury HERE. 

Admin Expenses Have Move than Doubled

Last page of the 7th. amendment shows admin expenses of $35.107 million, 16% of $220 million Hardest Hit funding for Oregon. 

Second amendment to Treasury agreement HERE (page 8) had admin expenses at $15.585 million, 7.1% of Hardest Hit funding. This means that admin expense estimates have more than doubled since start of program.

Originally created and posted on the Oregon Housing Blog.