Preservation Loan
Purchase of Existing Project to Convert to Affordable
Closed Loans

Purchase of Existing Project to
Convert to Affordable


Acquisition loans that have the additional purpose(s) of converting a multifamily (5+ units) project to affordable are available to refinance or acquire a property. These loans will provide short-term financing to enable the borrower to assemble the public subsidies and construction or term financing necessary to make the project affordable.

OHAF funds are limited for this loan program; please contact us early in your planning process to confirm availability. Click here for a term sheet for this market rate conversion loan.

All loans will be underwritten to ensure that takeout funding sources will be adequate to pay off the loan. At closing of the takeout Loan the OHAF loan is to be paid off.

To discuss a program, please contact Preservation Director, Rob Prasch, at 503.501.5688 or