In allocating funds, the department shall prioritize payment to eligible applicants based upon:
(1) Applicants experiencing severe financial distress, as evidenced by factors including but not limited to:
- (a) Insurance costs that are more than 20 percent of non-staff operating costs;
- (b) Operating reserves that are below three months of routine operations;
- (c) Loans or mortgages for eligible property that are in arrears or forbearance;
- (d) Insufficient cash flows to meet immediate operating needs and showing a negative cash flow trend;
- (e) Increasing month-over-month accounts payable balances and/or accounts payable balances that are past due with an adverse trend in account balance aging;
- (f) Properties foregoing required maintenance expenditures necessary to maintain a property in livable conditions;
- (g) Depleted operating accounts and/or reserve funds accounts; or
- (h) Verifiable annual net operating losses.
- (2) Properties with the highest risk of default on must-pay debt service obligations.
- (3) Eligible properties providing more than 15 percent of the beds in their HB 3644 shelter region or more than five percent of their county’s total permanent supportive housing units.
Statutory/Other Authority
ORS 731.244 & Or Laws 2025, ch 600
Statutes/Other Implemented
ORS 746.100, ORS 746.110 & ORS 746.240
History
ID 3-2026, adopt filed 03/26/2026, effective 04/01/2026