The City of Eugene will help fund innovative, affordable housing with more than $1.2 million from the Affordable Housing Trust Fund (AHTF). Project proposals can be submitted through March 2, 2023. The AHTF is a local source of funding generated by a 0.5% construction excise tax on new construction in Eugene. Funds are used to support the creation of local housing that is affordable to people with low and moderate incomes the city of Eugene.
In 2022, the Eugene City Council approved more than $1 million in trust fund investments to support two affordable housing projects: Peace Village Co-Op, a development of 70 owner-occupied tiny homes and Green Lane Veteran’s Housing, a development of 10 units of transitional housing for veterans experiencing homelessness.
This year, just over $1.2 million in AHTF is available for innovative local 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 2 and a complete application by March 2.
More information on funding priorities and the Request for Proposal process and application is available on the AHTF website.
The Request for Proposals is an open, competitive process. Proposals are reviewed, scored, and ranked by community members on the AHTF Advisory Committee. That information is presented to the Eugene City Council, who makes final decisions for AHTF funding.
Original source can be found here.
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