OHSI stands for Oregon Homeownership Stabilization Initiative.

OHSI got its start in 2010, when families across the country were hurting from the Great Recession and at risk of losing their homes. Through the Hardest Hit Fund, the U.S. government provided funds to families in states that were hit hardest by the downturn. States could use the funds to develop local solutions to prevent foreclosure. Oregon received $314 million, through the Oregon Affordable Housing Assistance Corporation (OAHAC), an Oregon nonprofit public benefit corporation, and used these funds to create OHSI to help struggling homeowners avoid foreclosure.

OHSI is administered by the Oregon Department of Housing and Community Services (OHCS) on behalf of OAHAC. OHCS is Oregon's housing finance agency, providing financial and program support to create and preserve opportunities for quality, affordable housing for Oregonians of lower and moderate income.

So far, OHSI has helped more than 14,000 families keep their homes. The program has invested more than $250 million in direct assistance to Oregonians. 

If you or someone you know is at risk of losing a home, learn more about our programs and apply for support as soon as you can.