OAR 813-001-0007
Procedural Rules for Housing Stability Council Review and Determination with Respect to Certain Housing Loan, Grant and Other Funding Award Proposals by the Director
(1)
The director or the director’s department designees shall submit proposed loan, grant or other funding award proposals arising under ORS 456.515 (Definitions for ORS 456.515 to 456.725 and ORS chapter 458) to 456.725 (Discrimination against purchaser with children prohibited) programs to the Housing Stability Council for review and approval if the proposal is for:(a)
A proposed single-family loan on property with a purchase price which, when reduced by costs of purchase other than the department loan, is equal to or greater than ninety-five percent of the applicable area program purchase price limit or;(b)
Loans, grants, and other funding award proposals arising under ORS 456.515 (Definitions for ORS 456.515 to 456.725 and ORS chapter 458) to 456.725 (Discrimination against purchaser with children prohibited) concerning a particular multifamily housing project that, in the aggregate: (i) are equal to or greater than $1,000,000, (ii) constitute more than 50% of the total development budget for such project, provided that the total development budget of such project is $1,000,000 or greater, or (iii) are outside of applicable agency guidelines.(2)
The council shall review each loan, grant or other funding award proposal submitted by the director under this section and approve or disapprove the loan, grant or other funding award proposal. An approval by the council of any loan, grant or other funding award may be partial or in full and may contain any conditions that the council may prescribe.(3)
Formal council review of loan, grant or other funding award proposals under this section shall be conducted in a public meeting, whether in person or by telephone or other electronic means. The council may go into executive session, as appropriate, in the course of its review. A council public meeting notice, when required by ORS 192.640 (Public notice required), shall include notice of the loan, grant or other funding award proposal review, the names of the applicants, and the subject of the loan, grant or funding award proposal. The council also shall provide notice of any loan, grant or other funding award proposal review to the loan, grant or other funding award applicant not less than five days before the review hearing.(4)
The public may contact the department for available information with respect to prospective council review of loan, grant or other funding award proposals by telephoning (503) 986-2000 or addressing written correspondence to: Oregon Housing and Community Services Department, 725 Summer Street NE, Suite B, Salem OR 97301.(5)
Procedural rules addressing other programs administered by the department are included, where applicable, in other divisions of this chapter. Additional procedural rules with respect to the review and approval of housing grants, loans and other funding awards also may be included, where applicable, in other divisions of the chapter.
Source:
Rule 813-001-0007 — Procedural Rules for Housing Stability Council Review and Determination with Respect to Certain Housing Loan, Grant and Other Funding Award Proposals by the Director, https://secure.sos.state.or.us/oard/view.action?ruleNumber=813-001-0007.