(1) The Director
or the Director's department designees shall submit proposed loan, grant or
other funding award proposals arising under ORS
456.515 to
456.725 programs to the Housing
Stability Council for review and approval if the proposal is for:
(a) A proposed single-family loan on property
with a purchase price which, when reduced by costs of purchase other than the
department loan, is equal to or greater than ninety-five percent of the
applicable area program purchase price limit or;
(b) Loans, grants, and other funding award
proposals arising under ORS
456.515 to
456.725 concerning a particular
multifamily housing project that, in the aggregate:
(i) are equal to or greater than
$1,000,000,
(ii) constitute more
than 50% of the total development budget for such project, provided that the
total development budget of such project is $1,000,000 or greater, or
(iii) are outside of applicable
agency guidelines.
(2) The council shall review each loan, grant
or other funding award proposal submitted by the Director under this section
and approve or disapprove the loan, grant or other funding award proposal. An
approval by the council of any loan, grant or other funding award may be
partial or in full and may contain any conditions that the council may
prescribe.
(3) Formal council
review of loan, grant or other funding award proposals under this section shall
be conducted in a public meeting, whether in person or by telephone or other
electronic means. The council may go into executive session, as appropriate, in
the course of its review. A council public meeting notice, when required by ORS
192.640, shall include notice of
the loan, grant or other funding award proposal review, the names of the
applicants, and the subject of the loan, grant or funding award proposal. The
council also shall provide notice of any loan, grant or other funding award
proposal review to the loan, grant or other funding award applicant not less
than five days before the review hearing.
(4) The public may contact the Department for
available information with respect to prospective council review of loan, grant
or other funding award proposals by telephoning (503) 986-2000 or addressing
written correspondence to: Oregon Housing and Community Services Department,
725 Summer Street NE, Suite B, Salem OR 97301.
(5) Procedural rules addressing other
programs administered by the department are included, where applicable, in
other divisions of this chapter. Additional procedural rules with respect to
the review and approval of housing grants, loans and other funding awards also
may be included, where applicable, in other divisions of the chapter.
Notes
Or. Admin. Code
§
813-001-0007
OHCS 2-2005(Temp), f.
& cert. ef. 8-4-05 thru 1-31-06; OHCS 2-2006, f. & cert. ef. 1-31-06;
OHCS 8-2013(Temp), f. & cert. ef. 6-21-13 thru 12-18-13; OHCS 19-2013, f.
& cert. ef. 12-18-13; OHCS 24-2014(Temp), f. & cert. ef. 4-17-14 thru
10-14-14; OHCS 35-2014, f. & cert. ef. 10-9-14; OHCS 20-2017, temporary
amend filed 11/17/2017, effective 11/17/2017 through 01/31/2018;
OHCS
21-2017, amend filed 12/26/2017, effective
1/8/2018;
OHCS
34-2023, amend filed 12/29/2023, effective
1/1/2024
Statutory/Other Authority: ORS
90.630, ORS
90.771, ORS
90.800, ORS
183.675, ORS
315.271, ORS
317.097, ORS
446.525, ORS
456.515, ORS
458.210, ORS
458.405, ORS
458.505, ORS
566.310, ORS
757.612, ORS
90.775, ORS
90.840, ORS
446.543, ORS
456.725, ORS
458.365, ORS
458.460, ORS
458.740, ORS
566.350 & ORS
757.617
Statutes/Other Implemented: ORS
90.630, ORS
90.771, ORS
90.800, ORS
183.675, ORS
315.271, ORS
317.097, ORS
446.525, ORS
456.515, ORS
458.210, ORS
458.405, ORS
458.505, ORS
566.310, ORS
757.612, ORS
90.775, ORS
90.840, ORS
446.543, ORS
456.725, ORS
458.365, ORS
458.460, ORS
458.740, ORS
566.350 & ORS
757.617
