Or. Admin. Code § 813-042-0040

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

Section 813-042-0040 - Application Procedure and Requirements

The Department may provide grant and/or loan funds subject to the availability of funds in the Program through a process which may include, but is not limited to, a first-come, first-reviewed or a competitive review process. The applicant shall submit, in an application form and process prescribed by the Department, project information which includes:

(1) A written description of the project including the number of units, unit mix, proposed rents, site location, the proposed program of services to occupants, project amenities, and any other information pertinent to the project;

(2) A statement of project purpose indicating the housing type and residents to be housed, and the length of time the units will be committed available for low- or very-low income households.

(3) A pro forma of project expenses and income;

(4) Requested amount of grant funds, or requested amount of loan funds including proposed terms of repayment.

(5) Total project development costs, including a description of all additional project funding and funding sources;

(6) A description of the sponsor/developer/owner/manager experience in developing and operating housing projects; and

(7) Such other documentation as the Department may require.

Or. Admin. Code § 813-042-0040

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, 458.600 - 458.630

Stats. Implemented: ORS 456.555