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.
Statutory/Other Authority
ORS 456.515 - 456.720
Statutes/Other Implemented
ORS 456.555
History
OHCS 7-2007, f. & cert. ef. 1-11-07
OHCS 14-2006(Temp), f. & cert. ef. 8-4-06 thru 1-30-07