Or. Admin. Code § 813-052-0010 - Eligibility for Homeownership Development Incubator Program Funds

(1) The department may distribute HDIP program funds consistent with OAR chapter 813 pursuant to relevant solicitation documents including, but not limited to a Notice of Funding Availability ("NOFA") or as otherwise determined by the department. Funding may take the form of a grant, loan or otherwise as the department determines necessary or appropriate, for financing assistance with respect to the development or rehabilitation of affordable homes for purchase.

(2) Subject to the limitations of any specific solicitation or distribution, any of the following entities may apply for HDIP funding with respect to the financing of affordable homes:

(a) A nonprofit corporation established under ORS chapter 65;

(b) A housing authority established under ORS 456.055 to 456.235;

(c) A local government as defined in ORS 197.015;

(d) A for-profit entity; or

(e) A Native American tribe, as defined in ORS 182.162

(3) Subject to the limitations of any specific solicitation or distribution, any entity including, but not limited to those identified in subsection (2) is eligible to apply for HDIP assistance to:

(a) enhance their capacity to develop affordable homeownership opportunities throughout Oregon;

(b) build affordable homes for purchase;

(c) convert existing structures into affordable homes for purchase; and

(d) other eligible uses that expand homeownership opportunities for Oregonians as specified in the solicitation.

Notes

Or. Admin. Code § 813-052-0010

OHCS 31-2022, temporary adopt filed 12/05/2022, effective 12/12/2022 through 6/9/2023; OHCS 13-2023, amend filed 06/07/2023, effective 6/7/2023

Statutory/Other Authority: ORS 456.555

Statutes/Other Implemented: ORS 456.561