Or. Admin. Code § 813-206-0050 - Fund Uses
(1) The department
may disburse funds under the Multifamily Energy Program in the form of grants,
loans, or other means, and upon such terms and conditions that, consistent with
law, it determines to be necessary or appropriate in its sole discretion.
Applicants and others, including project owners, must execute funding and
related program documents as are required by and satisfactory to the department
in its sole discretion. Any documents required by the department to be
recorded, shall be so recorded at the expense of the applicant or other
applicable party. The reservation of an award of Multifamily Energy Program
funds by the department is contingent on timely satisfying to the department's
satisfaction all applicable program requirements, including but not limited to
applicable department administrative rules (including the manual), orders,
procurement standards, program documents, as well as other applicable federal,
state, and local laws, codes, rules, ordinances, regulations and orders (all of
the foregoing, including as amended from time to time, the "Program
Requirements").
(2) All program
funding awards under subsection (1) are subject to the availability of program
funds, the department having continued funding, appropriation, limitation,
allotment, or other expenditure authority sufficient to allow it, in the
exercise of its reasonable administrative discretion, to disburse or obligate
such funds, the execution of financing assistance agreements or other program
documents (collectively, "Program Documents") required by and satisfactory to
the department in its sole discretion, and as applicable, approval by the
Housing Stability Council pursuant to ORS
456.561.
(3) OHCS will prioritize available program
funding in the following manner:
(a) First
priority will go to successful applicants in department NOFA processes.
(b) Second priority will go to
department bond program applicants. Related funding awards will require 10
years affordability and, depending upon the combination of funds involved,
limit qualified tenants to not more than 50% or 60% AMI.
(c) Third priority will go to unsuccessful
NOFA applicants.
(d) Final priority
will go to program applicants that do not fall into subsections (3)(a)-(c)
above.
(4) Program
funding awards are subject, inter alia, to 10-year project affordability in
conformance with program requirements.
(5) Notwithstanding the foregoing, the
department reserves the right to award an amount of program funds through a
pilot program for projects qualifying thereunder on a first-come, first-served
basis or otherwise.
Notes
Statutory/Other Authority: ORS 456.515 - 456.725 & ORS 458.505 - 458.545
Statutes/Other Implemented: ORS 458.505 - 458.515
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