NETWORK FOR OREGON AFFORDABLE HOUSING

Preservation loan program:these loans target the acquisition and preservation of (1) federally rent-subsidized units that are at risk of conversion to market rates, (2) properties for conversion to affordable, (3) manufacturd home parks, and (4) land in desireable locations to preserve for development of affordable housing. During fiscal year 2023/2024, there were three (3) new loans made under this loan program with a value of $6.5mm. In addition, activity for the year included work on loans in process of $13mm. (continued on sch o) predevelopment loan program:these loans provide capital for both land acquisition and predevelopment activites. During fiscal year 2023/2024, two (2) new loans were closed under this program with a value of $1.2mm and there were no loans in process. Other/gap loans: these loans provide noah flexible capital for loans not appropriate for bank-source funding. One (1) other/gap loans was closed during fiscal year 2023/2024 with a total value of $666k .