The rules of OAR Chapter 813, Division 20 (this “Division”) establish and implement the Oregon Bond Residential Loan Program & Flex Lending FirstHome Product (the “Program”). Under the Program, Oregon Housing and Community Services (the “Department” or “OHCS”) purchases loans issued by Approved Lenders (described below) for acquisition of single-family homes to encourage and assist moderate- and lower-income persons in Oregon to purchase, improve and rehabilitate owner-occupied new and existing residential housing (the “Mortgage Loans,” described below).

Statutory/Other Authority

ORS 456.555

Statutes/Other Implemented

ORS 456.555, 456.620, 456.625, 456.635 & 456.640

History

OHCS 20-2025, adopt filed 04/16/2025, effective 04/16/2025
OHCS 46-2024, temporary adopt filed 11/04/2024, effective 11/04/2024 through 05/02/2025