Or. Admin. Code § 813-002-0010 - Definitions
The following words and terms have the following meanings unless the context would clearly indicate otherwise.
(1) "Applicant" means any sponsor or
developer or other entity related to a Project applying for funding from OHCS
through the ORCA process or otherwise on behalf of that Project.
(2) "ARH" means the Affordable Rental Housing
Division within OHCS which provides financial resources to create and preserve
quality, affordable rental housing for Oregonians. ARH is also responsible for
overseeing long-term property performance and programmatic compliance of OHCS
federal and state development investments, permanent supportive housing
funding, and the United States Department of Housing and Urban Development's
(HUD) rent-assisted portfolio of housing.
(3) "Co-Developer" or "Developer" means an
organization with a controlling interest in the proposed or funded Project and
that is or will be compensated for that controlling interest..
(4) "Co-Sponsor or "Sponsor" means an
individual, group, or organization that provides resources, support, and
leadership to the Project team and generally "owns" the affordable housing
development Project.
(5) "Developer
Consultant" means an individual or entity contracted to provide guidance and
support to the Applicant to structure the project, its funding, and/or seeing
its through completion.
(6)
"Funding" means financial support from ARH, including loans, grants, bonds, or
other types.
(7) "Funding Process"
means the method ARH employs to receive prospective project applications in
order to distribute Funding for Affordable Rental Housing projects in Oregon.
This may include the ORCA or a different Funding Process.
(8) "Funding Recipient" means an Applicant
that has been awarded Funding for their project.
(9) "Oregon Centralized Application" or
("ORCA") means the integrated entry point for an Applicant to request an
affordable housing subsidy from ARH. The ORCA process is divided into various
steps in which applicants provide increasing levels of information from project
concept to commitment.
(10)
"Project Owner" means the entity that acts as the responsible party for a
project once the project has been funded and established.
(11) "ARH Predevelopment and Pipeline
Technical Advisory" means assistance and guidance provided to Applicants as
they engage with the Funding Process and move through the ARH development
pipeline.
Notes
Statutory/Other Authority: ORS 456.250 - 456.395, ORS 456.500 - 456.723 & ORS 458.210 - 458.740
Statutes/Other Implemented: ORS 456.250 - 456.395, ORS 456.500 - 456.723 & ORS 458.210 - 458.740
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