ORS tit. 36A, ch. 458, MANUFACTURED DWELLINGS AND PARKS, TEMPORARY PROVISIONS RELATING to FUNDING FOR MODULAR HOUSING AND COMPONENT CAPACITY ARE COMPILED AS NOTES FOLLOWING ORS 458.366
ORS tit. 36A, ch. 458, MANUFACTURED DWELLINGS AND PARKS, TEMPORARY PROVISIONS RELATING to FUNDING FOR MODULAR HOUSING AND COMPONENT CAPACITY ARE COMPILED AS NOTES FOLLOWING ORS 458.366
Sections 46 to 48, chapter 13, Oregon Laws 2023, provide:
Sec. 46. Section 47 of this 2023 Act is added to and made a part of ORS chapter 458. [2023 c. 13, § 46]
Sec. 47. Funding for modular housing and component capacity. (1) The Housing and Community Services Department shall provide grants or loans to entities to begin or expand production capacity for the development of modular housing and components to support home builders and developers in meeting housing demand.
(2) The department shall establish the terms for any loans under this section.
(3) Entities receiving loans or grants under this section must agree to terms established by the department requiring that the entities prioritize supplying modular housing components to meet demand from:
(a) First, state and local governments following a wildfire or other disaster;
(b) Second, low income housing construction in this state; and
(c) Third, middle income housing construction in this state.
(4) The department may enter into a contract with a third party to award or administer grants under this section.
(5) Loan proceeds and other moneys recovered under this section shall be paid to the Housing and Community Services Department and deposited with the State Treasury for credit to the General Fund and are available for general governmental expenses. [2023 c. 13, § 47; 2023 c. 326, § 19]
Sec. 48. Section 47 of this 2023 Act is repealed on January 2, 2026. [2023 c. 13, § 48]