The Eugene-Springfield Consortium did not receive any HOME applications through the 2023 HOME Request for Proposals (RFP). The Eugene-Springfield HOME Consortium’s annual HOME RFP was released in late August and applications for Affordable Housing proposals were due in November.
Several factors may explain the lack of applications, including: the tight real estate market for buying property which is made more difficult with federal funds; high interest rates at private banks; construction costs remain high; the amount of HOME subsidy available was not enough to make projects work; state funding continues to be complicated and competitive. Although there were no project proposals for the 2023 HOME RFP, this year’s HOME resources will carry forward and be available through the next RFP, which will increase the total funds available.
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