OAR 813-010-0720
Disposal of Department-Owned Projects

(1)

The Department may transfer ownership of a Department-owned Project through sale, gift or other lawful manner to a Person or Persons whom the Department determines best meets the requirements of this Program. The Department shall establish written procedures for selling a Project prior to any offering of such project, as applicable.

(2)

The method of transfer of ownership, timing, price, terms and any other factors pertinent to the transfer of ownership shall be determined by the Department, in a manner which, in the opinion of the Department, best preserves the integrity and continuity of the Department’s rental programs. Factors the Department may consider include, but are not limited to:

(a)

The financial investment of the Department in the Project;

(b)

Preservation of existing rental housing;

(c)

Proposed owner’s ability to manage, market, maintain and protect the project and property used as security for the loan made by the Department;

(d)

Proposed owner’s capacity to preserve or improve upon the projects safety, sanitation, durability and livability;

(e)

Proposed Owner’s ability to preserve units which are affordable and suitable to the needs of the residents; and

(f)

Continued compliance with state or federal laws, rules or regulations, as applicable to the financing or use of the Project.

Source: Rule 813-010-0720 — Disposal of Department-Owned Projects, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=813-010-0720 (accessed May 26, 2025).

May 26, 2025

Rule 813-010-0720's source at or​.us