The agency & primary document
- Allocating agency
- Oregon Housing and Community Services (OHCS)
- QAP / guidelines
- https://www.oregon.gov/ohcs/rental-housing/housing-development/development-resources/pages/qualified-allocation-plan.aspx
- Governing document
- 2025 QAP (current); standalone LIHTC Market Analysis Guidelines referenced by the QAP but currently inaccessible — download from OHCS directly
- Methodology
- Agency-specific standalone methodology
Required market study sections
Oregon uses its own standalone market study methodology rather than the NCHMA Model Content Standards. Agency-specific methodology — OHCS publishes its own standalone Market Analysis Guidelines.
Key Oregon rules
- Staleness window
- Annual cycle
Oregon-specific overlays
- USPAP and Oregon ORS 674 compliance required — rental analysis sections (market AND affordable) must be completed by a State Certified General Appraiser
- Restrictive 'new demand' definition — residents at existing similar properties at similar rent levels do NOT constitute new demand; normal turnover does NOT constitute new demand
- Six-indicator demand triangulation required: (1) occupancy/vacancy + (2) wait list + (3) concessions + (4) absorption + (5) anecdotal + (6) demographic — all six must be reconciled
- Absorption comparables: 12 months, Oregon preference
- Income banding in 10% intervals above 30% MFI
- Acq/rehab exception structure available (six conditions)
- RAD contact required during supply analysis
- Executive Summary 2-4 pages preferred
Required companion documents
- Letter of Transmittal with client name, OHCS as intended user, effective date, original signatures, analyst's Oregon state certification number
- Certification page with 5 prescribed verbatim affirmations
- Two originals with original signatures required at submission
Things analysts miss in Oregon
- USPAP/Oregon-certified-appraiser requirement for rental analysis is a distinctive state-specific layer — general analysts cannot complete rental analysis sections
- OHCS-hosted Guidelines URL returns 404 (official) / 403 (mirror) as of mid-2026 — download from the OHCS website directly
- A prior '25% capture-rate benchmark' could not be re-confirmed (Guidelines inaccessible) and has been removed; do NOT confuse it with OHCS's separate '25% Test' for 4%/private-activity-bond financing
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Start a free Oregon report →Frequently asked questions
Who reviews LIHTC market studies in Oregon?
Oregon Housing and Community Services (OHCS) sets the market study requirements and reviews submissions for Oregon Low-Income Housing Tax Credit applications.
How current must a Oregon LIHTC market study be?
Annual cycle
Does Oregon follow NCHMA standards?
Agency-specific methodology — OHCS publishes its own standalone Market Analysis Guidelines.
Other states
This summary is for general reference and reflects Oregon Housing and Community Services (OHCS)'s published guidance as understood by StudyScribe; it is not legal or compliance advice. Always confirm requirements against the current QAP / market study guidelines before submission.