Construction Loan Guarantee (CLG) Program
Funding Amount
Varies
Deadline
Rolling / Open
Grant Type
foundation
Overview
Construction Loan Guarantee (CLG) Program
Funder: Oregon Housing and Community Services (OHCS) and Network for Oregon Affordable Housing (NOAH)
Status: Launched January 2026
Geographic Scope: Oregon
Overview: The CLG Program decreases risk to lenders, making it easier for developers to access construction loans to build affordable homes for people with low to moderate incomes, serving households up to 120% of area median income. By providing lenders with extra financial security up front, CLG decreases their risk of loss and increases their ability to make loans to projects.
- Single-family homes
- Manufactured home communities
- Multifamily rentals
Eligible Project Types
- In 2023, the Oregon Legislature allocated $20 million to OHCS to establish a construction loan guarantee fund and program
- Following a request for proposals (RFP) process, OHCS awarded the funding to NOAH to administer the program
Background
- Email: annr@noah-housing.org
Contact Information
Ann Remmers, NOAH Deputy Director, Director of Lending- Visit the NOAH CLG webpage for more program details and application instructions
Additional Resources
How to Apply
How to Apply
Visit the NOAH CLG webpage for program details and application instructions.Contact for Questions:
Ann Remmers, NOAH Deputy Director, Director of Lending
Email: annr@noah-housing.org
Focus Areas & Funding Uses
Fields of Work
Categories
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