Metro Bond Funding Announcements

NOFA Updates (7/6/20)

The County received seven (7) applications with requests totaling $71,476,088. Initial staff review was completed in June. All applications were deemed to be complete and met threshold requirements; applications are then reviewed by our Evaluation Committee. The timeline has been delayed from the initial one provided in the NOFA based on three main changes:

  • Extension of application deadline from May 11 to May 26.
  • Additional time needed to secure third-party financial analysis consultant.
  • Metro staff partial furlough resulting in additional time needed for Metro staff review.

Our current timeline is to complete our process and provide Concept Endorsement approval decisions in early September. We are working with Metro to finalize their review dates and will update this information when the details are available. Our approval process includes:

  • Staff review – complete
  • Evaluation committee review – underway
  • Third-party financial analysis – underway
  • Washington County Board of Commissioners approval
  • Metro approval

This page will be udpated as the approval dates become available.

 

Washington County Notice of Funding Availability (NOFA) closed on May 26th, 2020.

Washington County is releasing $80 million in Metro Bond Funds for use in the Metro service district outside of Beaverton and Hillsboro. There is a $25 million set aside specifically for non-profits that meet the definition of a Community Housing Development Organization (CHDO) and are based in Washington County. Download here:

Washington County Metro Affordable Housing Bond Program NOFA, March 2020

Voucher Payment Standards, referenced on pages 10, 14, and 49 of the NOFA, are below. These are the maximum rents that can be charged for units assigned project based vouchers (PBVs).

Voucher Payment Standards (10/1/19)
Bedroom Size Payment Standard
0 $1,073
1 $1,161
2 $1,346
3 $1,942
4 $2,363
5 $2,717
6 $3,072
7 $3,426
8 $3,780
SRO $805

 

Mandatory Developer Meeting

A mandatory meeting for developers who want to submit an application took place via teleconference on March 24.

Important dates SEE IMPORTANT CHANGES BELOW

Applications Due: May 11, 2020   May 26 at 4:00 p.m.

Staff Threshold Review: May 12 - May 29, 2020   May 27-June 12, 2020

Evaluation Committee Meets: June 1 - June 26, 2020   June 15-July 10, 2020

BOCC and Metro Staff Award Concept Endorsement: June 29 - July 14, 2020   July 13-31, 2020

Evaluation Committee

See the list below for the make-up of the Evaluation Committee. One person from each committee/organization will serve on the committee.

Evaluation Committee Members
1. Housing Advisory Committee Member
2. PAB Member
3. Washington County LUT
4. Metro
5. City of Beaverton
6. Washington County CAO
7. Washington County Finance
8. Washington County Community Development
 
 

 

 

 

 

 

 

 

 

NOFA FAQs

Any questions about this NOFA should be submitted to shannon_wilson@co.washington.or.us. They will be answered via an FAQ available to all applicants, and posted here.

May 12, 2020 FAQs

April 7, 2020 FAQs