Or. Admin. Code § 813-135-0035 - [Effective until 7/1/2025] Homeownership Foreclosure Remedies

In order to retain affordability on the maximum number of units on a LIFT homeownership-funded property, OHCS would allow partition of the property in the event of an individual home foreclosure where an eligible home buyer cannot be found to keep the property in compliance with established affordability restrictions.

Notes

Or. Admin. Code § 813-135-0035
OHCS 17-2022, adopt filed 07/29/2022, effective 7/31/2022; OHCS 29-2023, temporary amend filed 10/31/2023, effective 11/4/2023 through 4/17/2024; OHCS 1-2025, temporary suspend filed 01/03/2025, effective 1/3/2025 through 7/1/2025; OHCS 2-2025, temporary suspend filed 01/03/2025, effective 1/3/2025 through 7/1/2025

Statutory/Other Authority: ORS 456.515 - 456.725

Statutes/Other Implemented: ORS 458.480 - 458.490

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