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Critical Program Update

Staff has been advised of the following regarding the Portland Housing Bureau’s Mortgage Credit Certificate:

Currently, Congress is considering tax reform legislation that will eliminate the Mortgage Credit Certificate (MCC) program for MCC certificates with issue dates after December 31, 2017.

In order to review and issue MCC certificates by this deadline, the Portland Housing Bureau must receive all closing documents by close of business on Tuesday, December 26, 2017. There will be no exceptions. The MCC program will be on hold until further notice.

For more information, contact Sharon Johnson at sharon.johnson@portlandoregon.gov or by phone at (503) 823-1018

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