Housing Opportunity Fund

 

The Housing Opportunity Fund is a demonstration of the City’s commitment to increase the supply of quality, affordable housing for Medford households earning up to 120% of the Area Median Income. There are a variety of challenges that housing developers, providers, and property owners encounter when seeking to develop quality housing that is affordable. This fund was created to address some of these challenges and to incentivize community partners in the production of affordable housing.

Consideration will be given to projects and programs that accomplish one or more of the following objectives:  

  • Create new rental units
  • Facilitate land acquisition and infrastructure development for housing
  • Purchase and  convert existing units to affordable housing
  • Develop permanent supportive housing for homeless and special needs populations
  • Support homeless shelter development     

 

The Housing and Community Development Commission (HCDC) reviews applications for funding and makes recommendations to City Council for approval. 

To learn more, contact the Housing and Community Development Division via email at hcd@cityofmedford.org or call 541-774-2380.

 

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