Or. Admin. Code § 813-135-0020 - [Effective until 7/1/2025] Definitions
Terms used throughout OAR chapter 813, division 135 may be defined in Oregon Revised Statute (ORS or statute), or in the Oregon Housing and Community Services (OHCS) General Definitions (OAR 813-005-0005), or herein. As used in these rules:
(1) "Applicant"
means a person or entity that applies for an allocation of LIFT Housing Program
resources from OHCS by completing an application provided by OHCS.
(2) "Like-New Market Rate Housing" means
housing developed and placed in service recently as unrestricted and
unsubsidized housing that requires no rehabilitation to continue to operate as
housing, including but not limited to not requiring work for improvements to
major systems (electrical, plumbing, HVAC) or structures (roof, elevator,
building envelope).
(3) "Local
Innovation and Fast Track Housing Program Manuals" or "LIFT Program Manuals" or
"Manuals" means the program manual for the Local Innovation and Fast Track
program, as described in OAR
813-135-0025. The manuals may be
accessed online at OHCS's website.
(4) "Low Income Households" means households
of one or more individuals whose combined incomes are at or below 60 percent of
the area median income for rental projects, or at or below 80 percent of the
area median income for homeownership projects.
(5) "NOFA" means Notice of Funding
Availability.
(6) "Operate" means
to have sufficient direct or indirect control of qualified property that
reasonably enables the Housing and Community Services Department, in its
determination, to ensure the qualified property's use for the purpose of
providing affordable housing under the LIFT Housing Program.
(7) "Operating Agreement" is a legally
binding document between OHCS and the proposed project owner whereby the
proposed project owner agrees, among other things, to provide and maintain the
project and to guarantee its compliance with the requirements of OHCS by
executing and recording the Operating Agreement and Declaration of Land Use
Restrictive Covenants on the project in return for an allocation of proceeds
from Article XI-Q bonds.
(8) "ORCA"
means Oregon Centralized Application, which the Affordable Renal Housing
Division utilizes to solicit and fund applications.
(9) "Own" means to possess one or more
interests in a qualified property that reasonably enables Housing and Community
Services Department, in its determination, to ensure the qualified property's
use for the purpose of providing affordable housing under the LIFT Housing
Program.
(10) "Project" means a
qualified low-income housing project. A project may include one or more
buildings and any associated common area and may be located on scattered
sites.
(11) "Qualified property"
means real or personal property, including infrastructure and indebtedness
related to the real or personal property.
Notes
Statutory/Other Authority: ORS 456.515 - 456.725 & ORS 458.485 - 490
Statutes/Other Implemented: ORS 456.559(1)(f)
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