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Eugene, Ore., to Use $1M Trust Fund for Affordable Housing

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Affordability

Eugene, Ore., to Use $1M Trust Fund for Affordable Housing

The city is currently seeking proposals for affordable housing projects


January 4, 2024
Eugene, Oregon, aerial view at dawn
Image: Reagan / stock.adobe.com

On Jan. 4, the City of Eugene, in Oregon, announced that its Affordable Housing Trust Fund (AHTF) will provide $1 million in funding for affordable housing projects, KPIC4 reports. The AHTF is funded by a construction excise tax (Ordinance No. 20609) that the city council established in 2019 to create a source of funding for affordable housing in Eugene.

City officials say this year just over $1-million in AHTF funds are available for local innovative housing projects. Proposed rental or home-ownership projects should:

Be located in Eugene city limits;
Include at least 4 dwellings;
Meet affordability and other criteria outlined in the application; and
Submit a letter of interest by February 1 and a complete application by March 1.

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