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  Working Group
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  Portfolio Preservation Curriculum
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• Risk Mitigation Pool Documents
• ▶ Streamlining Compliance
• Streamlining Compliance Documents

The problem: With their increasingly complex funding structures, affordable housing projects face costly compliance obligations that suck valuable time and resources from project owners, funders and residents alike.

The solution, proposed by a group of Oregon nonprofit developers in 2009: Get major public funding entities to adopt a common set of compliance protocols—thereby eliminating redundant work and freeing up resources to serve core community needs.

The Streamlining Compliance Initiative achieved success this year, culminating a two-year planning effort facilitated by HDC and carried out by representatives of nine major funding jurisdictions across the state. As of January 2012, funders will use a common Annual Property Report and a coordinated annual property inspection to jointly monitor participating affordable housing properties. Via a central web portal, project owners will file reports to multiple funders with a single click.

Estimated annual savings to Oregon’s affordable housing system: $4 million.

Now, this breakthrough effort is reverberating nationally. Oregon has joined six other states and the U.S. Department of Housing and Urban Development (HUD) in a pilot program to consolidate property inspections by HUD and other federal agencies. Last December, the Rental Policy Work Group, a federal advisory body, proposed eliminating redundant physical inspections of all federally funded housing projects—for an estimated annual savings of $45 million nationally.

The results, in Oregon and beyond: an affordable housing industry that’s more cost-efficient, communities that reap the benefits.

New for 2012: Attention Oregon project owners!

After shepherding the Streamlining Compliance Initiative through two pilot phases, HDC has passed administrative responsibility to Oregon Housing and Community Services (OHCS) and the Portland Housing Bureau (PHB). Project owners can access Annual Property Report forms, instructions and other documents from OHCS’s Streamlining Compliance 2012 web page. Also use OHCS’s page to link to the Asset Management Web Portal, hosted by PHB, where you can submit data for your properties.