Cities like Eugene can borrow from a $50 million pool at zero interest to help close the gap on projects that otherwise wouldn’t pencil.
Presenter: The state of Oregon has created a $50 million revolving loan fund for housing. On Nov. 10, public comments urged Eugene to take advantage of the opportunity.
Emily Reiman: My name is Emily Reiman. I’m here as the CEO of DevNW. We have completed or currently-under-construction projects in Wards 3, 7, and 8.
[00:00:19] I’m here to encourage the city and Council to adopt and enable several sources of state funds that have recently been allocated by the legislature for affordable housing and workforce housing, but we need the city to act to be able to utilize these funds for local projects here in Eugene…