Network for Oregon Affordable Housing
Network for Oregon Affordable Housing
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About this organization
Mission
Noah strengthens communities through flexible financing, strategic partnerships, and creative solutions that build and preserve affordable housing in Oregon.
About
Permanent loan program: Noah provides financing and technical assistance to facilitate the development of affordable housing in the state of Oregon. During fiscal year 2018/2019, five (5) permanent loans were closed. The total dollar value of these loans was $12.6mm and created or preserved 303 units of housing. In addition, activity for the year included nine (9) commitments totaling $13.16mm and 390 units and fifteen (15) loan in process with a value of $45mm.
Interesting data from their 2020 990 filing
The filing documents outline the non-profit's mission as “Noah is a certified nonprofit community development financial institution (cdfi) that was established to increase the state's supply of affordable housing while strengthening oregon communities. noah strengthens communities through flexible financing, strategic partnerships, and creative solutions that build and preserve affordable housing in oregon. noah offers a variety of loan products to support the acquisition, renovation and construction of affordable housing properties that primarily serve households who earn below 60% of the area median income. through its subsidiary, mpower oregon, noah focuses on strategies for sustainable, affordable housing, specifically through coordination and financing of efficiency upgrades in multi-family properties. noah also facilitates the oregon housing preservation project, a statewide collaboration of public and private stakeholders dedicated to preserving oregon's at-risk, publicly subsidized housing.”.
When outlining the tasks it performs, they were referred to as: “Noah strengthens communities through flexible financing, strategic partnerships, and creative solutions that build and preserve affordable housing in oregon.”.
- The non-profit's reported state of operation is OR as per legal requirements.
- The filing reveals that the address of the non-profit in 2020 is 1020 SW TAYLOR STREET NO 585, PORTLAND, OR, 97205.
- As of 2020, the non-profit has 14 employees reported on their 990 form.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $653,877.
- The organization has 13 independent voting members.
- The organization was formed in 1990.
- The organization pays $1,266,382 in salary, compensation, and benefits to its employees.
- The organization pays $3,281 in fundraising expenses.