Hood River city officials are enthusiastic in the wake of the proposed housing project on just over seven acres on 780 Rand Road receiving a major funding boost last week as Oregon Housing and Community Services approved $15.1 million in Local Innovation Fast Track, or LIFT, program funding for the development.  City Manager Abigail Elder says the funding will allow project partners Community Development Partners and Columbia Cascade Housing Corporation to begin the site plan process.  CDP and CCHC plan to apply to OHCS for 4% Low Income Housing Tax Credits and tax-exempt bonds next year to complete the project’s financing.  The project will create 129 units of rental housing, much of it targeted for households earning between 30 and 60 percent of the area median income.