OAR 813-090 provides specific guidance pursuant to ORS 456.515 through 456.720, specifically 456.559(1)(f). These statutes designate Oregon Housing and Community Services (OHCS) as the state agency responsible for administering the federally-subsidized Low-Income Housing Tax Credit (LIHTC) Program. The purpose of the LIHTC Program is to provide a federal income tax incentive to assist and encourage the development of affordable rental housing units for low-income households through the allocation of housing tax credits as provided by Section 42 of the Internal Revenue Code of 1986, as amended (“IRC”) and corresponding Treasury Regulations, as amended.

Statutory/Other Authority

ORS 183 & 456.515 - 456.720

Statutes/Other Implemented

ORS 456.559(1)(f) & 26 U.S.C. § 42

History

OHCS 3-2020, amend filed 02/27/2020, effective 02/27/2020
OHCS 38-2014, f. & cert. ef. 12-2-14
OHCS 27-2014(Temp), f. & cert. ef. 6-5-14 thru 12-2-14
Reverted to HSG 7-1991, f. & cert. ef. 12-19-91
OHCS 10-2013(Temp), f. & cert. ef. 6-21-13 thru 12-18-13
HSG 7-1991, f. & cert. ef. 12-19-91
HSG 2-1991(Temp), f. & cert. ef. 8-7-91
HSG 14-1990, f. & cert. ef. 10-26-90
HSG 12-1990(Temp), f. & cert. ef. 5-29-90
HSG 18-1989, f. & cert. ef. 11-3-89
HSG 3-1989(Temp), f. & cert. ef. 6-8-89
HSG 1-1988, f. & cert. ef. 3-8-88
HSG 13-1987(Temp), f. & ef. 9-28-87