1. (1) A portion of the maximum amount of OAHTC program tax credits established in ORS 317.097 is subject to either or both of the following:

   1. (a) A set-aside by OHCS for projects that meet OHCS identified goals under the OAHTC program.
   2. (b) One or more set-asides established by OHCS from time to time, when directed by the Housing Stability Council, to meet housing needs in various economic or geographic regions of the state.
2. (2) At OHCS’s direction, a sponsoring entity that does not qualify for a set-aside under subsection (1) of this section may request that OHCS approve a set-aside on alternate grounds as provided in this subsection. The sponsoring entity must demonstrate to OHCS that the sponsoring entity meets criteria like those used in the needs assessment in Oregon’s plan that is approved by the U.S. Department of Housing and Urban Development (HUD) and that describes the needs, resources, priorities, and proposed activities to be undertaken with respect to programs of that department.  OHCS may approve or deny a set-aside based on its consideration of a request under this subsection.

Statutory/Other Authority

ORS 317.097 & ORS 456.515- 456.725

Statutes/Other Implemented

ORS 317.097

History

OHCS 21-2022, amend filed 08/30/2022, effective 09/09/2022
OHCS 22-2013, f. & cert. ef. 12-18-13
OHCS 9-2013(Temp), f. & cert. ef. 6-21-13 thru 12-18-13
OHCS 5-2008, f. & cert. ef. 4-11-08
OHCS 14-2007(Temp), f. & cert. ef. 10-16-07 thru 4-12-08
OHCS 7-2006, f. & cert. ef. 5-17-06
HSG 2-1995, f. & cert. ef. 9-25-95
HSG 7-1994, f. & cert. ef. 9-9-94
HSG 3-1992, f. & cert. ef. 2-4-92
HSG 6-1991(Temp), f. & cert. ef. 11-5-91