Or. Admin. Code § 813-140-0095 - Application Process for Housing Preservation Community Incentive Fund
(1) All housing
projects financed by OHCS with HUD Section 8 rental assistance contracts which
have been renewed or will be renewed are eligible to apply.
(2) Applicants must obtain application
materials directly from the Department.
(3) Applicants must submit their applications
to the Department contact person listed on application materials.
(4) The Department will analyze the
application and determine the appropriate mix of funding sources including tax
credits, credit equity, grants and/or loans.
(5) The applications that, in the judgment of
the Department, meet program requirements (see Program Overview and application
materials), will be summarized for submission to the Advisory Board for their
review and recommendation.
(6)
Projects will be selected for financing, which in the judgment of the Board (as
evidenced by its recommendations to the Director) and the Director achieve the
requirements of the Housing Preservation Incentive Fund based on the criteria
outlined in application materials and Program Overview.
Notes
Stat. Auth.: ORS 458.705 - 458.740
Stats. Implemented: ORS 458.705 - 458.740
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