Or. Admin. Code § 813-037-0015 - Availability and Source of Affordable Housing Land Acquisition Revolving Loan Program (LAP) Funds
(1) The Affordable
Housing Land Acquisition Revolving Loan Program or Land Acquisition Program
(LAP) was initially funded by repurposing funds already in OHCS's funding
stream. Once moved to the LAP, the repurposed funds are to be continuously used
for the LAP allowing for eligible organizations to reserve land assets for
eligible purposes. Additional guidance can be found in the LAP
Manual.
(2) Any additional funding
may be targeted towards specific needs within the state, provided that all
funding sources will be used for eligible purposes and in a manner consistent
with the established program criteria.
Notes
Statutory/Other Authority: ORS 456.502
Statutes/Other Implemented: ORS 456.502
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