Or. Admin. R. 813-038-0005
OAR chapter 813, division 038 is intended to accomplish the general purposes of the department’s Predevelopment Loan Program (the “Program”) as authorized in ORS 456.515 to 456.725. The Program is designed to assist in the financing of costs (planning) incurred prior to the actual development of low-income housing projects. It is intended to facilitate the development of high quality, affordable housing by providing below market financing and flexible terms for typical predevelopment expenses, not including site acquisition and land costs. The Department has no obligation to approve any Loan or to issue a Commitment Letter in response to any Program application or otherwise.
ORS 183.341, 456.555(2) & 456.625(12)
ORS 456.561, 456.574, 456.620 & 456.625
OHCS 54-2024, amend filed 12/30/2024, effective 01/01/2025
OHCS 24-2024, temporary amend filed 07/31/2024, effective 08/01/2024 through 01/27/2025
OHCS 12-2007, f. & cert. ef. 5-10-07