Good news you can use! The Buy Oregon Bonds program is issuing a $60 million bond offering this week supporting homeownership opportunities for low-income families across Oregon. Proceeds from the bond sale will help fund statewide affordable housing programs and provide down payment and/or closing cost assistance. Housing affordability remains one of Oregon's biggest challenges and these bonds represent an opportunity to support our local communities. Learn more at buyoregonbonds.com | Oregon S
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A rush of bond-funded affordable housing construction in the past decade has aimed to house low-income and homeless Portlanders. But compressing rents between regulated and market apartments, paired with administrative stumbles and rising evictions, has left a significant share of those publicly subsidized units empty — at a time when thousands of Portlanders live on the streets and languish on waitlists to get into available units. The Oregonian/OregonLive detailed the paradox over the holiday
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The Oregon Bond Loan Program is a game changer for any first time home buyers! I recently helped a couple first time buyers get into contract on new construction, and their lender was able to determine that they qualified for the Oregon Bond loan program. For those who qualify, this program offers below market interest rates to help make home ownership more affordable. For these clients, it brought them down from an interest rate of about 6.8% to 5.75%! That means a savings of several hundred do
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