Thursday, March 15, 2012

Home Forward Payment Standards Changing April 1.

I have updated the Home Forward YTD Board Packages link in the right pane to include the material for the March 20th. Board meeting. 

On current page 109 you will see a recommendation to raise 1 and 2 bedroom payment standards in selected areas effective April 1st. 

You will see that the staff backgrounder indicates that this could mean a loss of some 182 vouchers because of the higher costs required for the new payment standards. 

The staff recommendation is to also allow a 6 month initial lease period, to mirror the practice now required by some landlords in a tight rental market.

Originally created and posted on the Oregon Housing Blog.

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