Or. Admin. Code § 813-042-0020

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

Section 813-042-0020 - Eligibility for Housing Development Grant Program Funds

The Department shall provide grants and/or loans from Account revenue subject to the availability of funds and limitations otherwise prescribed by law for any or all of the following purposes:

(1) To organizations and for-profit business entities to construct new housing or to acquire and/or rehabilitate existing structures for housing low- and/or very-low income households.

(2) To nonprofit organizations, as set forth in ORS 458.210 to 458.240 to provide technical assistance and/or predevelopment costs. Predevelopment costs include, but are not limited to, site acquisition, architectural services and project consultants. Predevelopment costs do not include costs described in subsection (3) of this rule.

(3) For costs to develop, nonprofit organizations that show sufficient evidence of having strong community support and a strong likelihood of producing low- and very-low income housing. No account funds shall be used by an organization for its general operations.

(4) To match public and private moneys available from other sources for the purposes of production of low- and very-low income housing.

Or. Admin. Code § 813-042-0020

OHCS 14-2006(Temp), f. & cert. ef. 8-4-06 thru 1-30-07; OHCS 7-2007, f. & cert. ef. 1-11-07

Stat. Auth.: ORS 456.515 - 456.720

Stats. Implemented: ORS 456.555