Or. Admin. Code § 813-130-0010

Current through Register Vol. 63, No. 12, December 1, 2024

Section 813-130-0010 - Definitions

Certain terms used in OAR chapter 813, division 130, are defined in the Act, 813-005-0005, and herein. Other terms may be identified in the text of this division (including by incorporation), otherwise in chapter 813, or applicable law. As used in OAR chapter 813, division 130, unless the context indicates otherwise:

(1) "Affordability period" means the period during which a project assisted with HELP funds must remain affordable to very low income residents, which period shall be at least 10 years from the date of the use agreement executed in favor of the department.

(2) "Annual household income" means the anticipated total income from all sources received by the family head and by each additional member of the family of 18 years of age and over, including all net income derived from assets for the twelve-month period following the effective date of certification of income, in accordance with HUD regulations, 24 CFR 813 .

(3) "Applicant" means an applicant for HELP funds.

(4) "Household" means one or more persons occupying a housing unit.

(5) "HUD" means the U.S. Department of Housing and Urban Development.

(6) "Low income" means annual household income that does not exceed 80 percent of the median household income for the area, as determined by HUD, with allowances for family size.

(7) "Nonprofit organization" means:

(a) An organization that has obtained tax-exempt status under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, and is established under the provisions of ORS Chapter 65,

(b) A community development corporation as defined in ORS 458.210,

(c) A housing authority as defined in ORS 456.005,

(d) A community action agency established pursuant to the federal Economic Opportunity Act of 1964, which meets the requirements of ORS 458.505(4), or

(e) Other nonprofit entity satisfactory to the department and representing or seeking to serve the housing, human services and community economic revitalization needs of a clearly-defined population and area.

(8) "Program" means the HELP program.

(9) "Project" means a multifamily rental housing development assisted or to be assisted, in part, with HELP program funds.

(10) "Recipient" means a recipient of HELP funds to be used for project assistance.

(11) "Use agreement" means the Financing Adjustment Factor Savings Funds Use Agreement between a recipient and the department.

(12) "Very low income" means annual household income that does not exceed 50 percent of the median household income for the area, as determined by HUD, with allowances for family size.

Or. Admin. Code § 813-130-0010

HSG 6-1993(Temp), f. & cert. ef. 10-1-93; HSG 4-1994, f. & cert. ef. 8-1-94; OHCS 12-2006(Temp), f. & cert. ef. 8-4-06 thru 1-30-07; OHCS 11-2007, f. & cert. ef. 1-11-07; OHCS 15-2013(Temp), f. & cert. ef. 6-21-13 thru 12-18-13; OHCS 21-2013, f. & cert. ef. 12-18-13

Publications: Publications referenced are available from the agency.

Stat. Auth.: ORS 456.555

Stats. Implemented: ORS 456.555, 456.559, 456.625