Or. Admin. Code § 813-135-0020 - [Effective 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 Manual" or "LIFT Program Manual" or
"Manual" means the program manual for the Local Innovation and Fast Track
program, as described in OAR
813-135-0025. The manual 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) "OHCS" means
Oregon Housing and Community Services.
(7) "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.
(8)
"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.
(9) "ORCA" means Oregon Centralized
Application.
(10) "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.
(11)
"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.
(12) "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
Statutes/Other Implemented: ORS 456.559(1)(f)
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