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Funding for Blue River Land Trust Will Build Six Homes for Those Displaced by Holiday Farm Fire

Oregon Housing and Community Services announced $65 million in funding

This week, state officials announced 34 new homeownership development projects have been approved by Oregon Housing and Community Services. These projects are set to create a total of 337 new affordable homes.

According to OHCS officials, the focus of the May 10th announcement was the approval of $65 million in funding, which had been previously announced in December 2022. The agency received a total of 53 project proposals for this funding.

Among the approved applications, state officials highlighted the allocation of Local Innovation and Fast Track (LIFT) funds for the establishment of a new community land trust in Blue River. OHCS stated that this community land trust will involve local residents and the developer DevNW, who will construct six new homes for individuals who lost their residences in the 2020 Holiday Farm Fire.

Photo: That Oregon Life

“Oregon has a vast network of partners committed to building housing that will not only be affordable for homebuyers now but will support wealth building that will impact future generations,” said OHCS Director Andrea Bell. “This is especially true in rural areas of our state where housing prices have skyrocketed preventing many families from realizing their dream of buying a home.”

The goal of these development projects is to increase homeownership opportunities for low- to moderate-income people and families in both rural and urban communities over the next three years.

A complete list of the approved projects can be found online.

Source: KEZI

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