The Spring Street Brief

Episode 119: Oregon QAP Update Process for 2027–2028 Cycles

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Oregon Housing and Community Services (OHCS) is advancing its Qualified Allocation Plan (QAP) update process ahead of the 2027 and 2028 LIHTC award cycles. A public engagement session scheduled for July 27, 2026 will review results from an April 2026 partner survey and open discussion on proposed QAP changes — giving developers, syndicators, lenders, and investors an early look at where Oregon's allocation priorities may shift before draft language is finalized.

Key Takeaways:

  • OHCS is updating the QAP for the 2027 and 2028 LIHTC award cycles — changes will affect scoring, set-asides, and underwriting parameters for both 9% and 4% allocations.
  • An engagement session is set for Monday, July 27, 2026, 11 a.m.–noon Pacific, held via Microsoft Teams webinar — registration required.
  • The April 2026 QAP survey focused on three areas: current QAP performance, financial challenges developers face, and specific policy questions — signaling OHCS is open to feasibility-driven changes.
  • A formal public hearing and open comment period is anticipated for fall 2026, providing a second structured opportunity for industry input.
  • QAP draft documents and comment opportunities will be distributed through OHCS Technical Advisories — teams not on that list risk missing critical windows.
  • Direct questions to OHCS can be submitted to the QAP team via email ahead of or following the July 27 session.

    • Oregon's QAP revision comes as developers across the state are navigating persistent cost and feasibility pressures. OHCS's explicit focus on financial challenges in its survey suggests the agency may be considering meaningful adjustments to how it underwrites or scores projects under current market conditions. Stakeholders with Oregon LIHTC exposure — whether active in competitive 9% deals or bond-financed 4% transactions — should participate in the July 27 session and position their organizations to comment during the fall public process before the QAP is finalized.

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    The Spring Street BriefBy Spring Street Management Group