North Central Oregon Attainable Housing Development Revolving Loan Program

Gap financing to address attainable housing challenges in Hood River, Wasco and Sherman counties in Oregon.

Eric Nerdin,
Loan Program Manager
Phone: 541-296-2266

Checklist | Policies | Loan Application Form

Loan Application and Forms (Standard PDF) (Fillable pdf)
Important- Save file to your computer before filling out.

About Attainable Housing
The Attainable Housing Revolving Loan Fund supports a solution to one of the region’s primary economic development barriers: a shortage of quality housing stock at price ranges and rental levels which are commensurate with the financial capabilities of workers and households in the region. The purpose of the fund is to provide funding for gap lending to aid in addressing the North Central Oregon regional attainable housing challenge. Goals for the fund include development of tangible assets through housing development, providing opportunities for those in the region to live where they work and supporting the middle market of 60-120% median family income (“MFI”). This funding and project builds upon existing investments made by the region and the state including technical assistance, funding for housing studies, hosting housing forums and providing resources for individual housing development projects.

The fund was created in response to a regional need identified in a 2013 study and corresponding housing report recommendations. As a result of that study and additional information, the North Central Oregon Regional Solutions Advisory Committee prioritized workforce housing and worked with the legislature to direct $2 million in state funds dedicated to seed the Attainable Housing Development Revolving Loan Fund to increase access to capital and results in bricks and mortar attainable housing developments for the region

Project must be located in the North Central Oregon region: Hood River, Wasco and/or Sherman counties, Oregon. Project must have support from a city or county in that region.

See policies and checklist links above for additional eligibility information.

Median Family Income

Additional Resources
*This is not a comprehensive list of all available resources

Agency or Institutions
Mid Columbia Housing Authority/Columbia Cascade Housing Authority The Mid-Columbia Housing Authority and Columbia Gorge Housing Authority provide safe, decent, affordable housing to low-income families in Wasco, Sherman and Hood River Counties in Oregon (Mid-Columbia HA) and Klickitat and Skamania counties in Washington (Columbia Gorge HA).


Oregon Housing and Community Services Oregon Housing and Community Services is Oregon's housing finance agency, providing financial and program support to create and preserve opportunities for quality, affordable housing for Oregonians of lower and moderate income.
US Department of Agriculture Rural Development USDA offers many financing tools for housing, including single family programs in direct home loans, guaranteed loans, and housing repair loans and grants. The USDA B&I program may also be applicable for housing developers. USDA
Network for Affordable Housing (NOAH)

NOAH works to foster smart development and community revitalization to increase Oregon’s supply of affordable housing.

NOAH Housing


Mid-Columbia Economic Development District is an Equal Opportunity Lender. MCEDD does not unlawfully discriminate on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, marital or family status in employment or the provision of services, and provides, upon request, reasonable accommodation including auxiliary aids and services necessary to afford individuals with disabilities an equal opportunity to participate in all programs and activities.


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last updated: December 16, 2016

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Contact MCEDD for more information:
515 East Second Street • The Dalles, OR 97058
 phone: (541) 296-2266; TTY 711   • fax: (541) 296-3283

MCEDD is an equal opportunity employer, lender and provider.