Our Coastal Village, Inc. also welcomes grants from private foundations that share in our mission. Private foundations are a key partner for completing significant affordable housing projects in the Yachats area.
OCV has received major grants from Meyer Memorial Trust, The Collins Foundation, The DLW Foundation, The Norton Foundation, and Lincoln County Economic Development to help fund the construction of its first two affordable housing projects.
The cycle for private foundation grant approval and funding is long. Applications must be filed quite early in the planning of a new project but not before the project is sufficiently specific to satisfy the decisionmakers.
Oregon Housing and Community Services (OHCS), a state agency, provided substantial financial resources to help fund Fisterra Gardens Townhomes, including a LIFT Loan of $797,979 as well as making available 4% low-income housing tax credits and tax-exempt bonds for financing the project. The timeline for an award of OHCS resources is also very long.
Contact Us if you would like more information about supporting OCV through grant programs.