OAR 813-027-0040
Criteria for Funding

As the Department determines funds to be available, moneys from the Manufactured Dwelling Parks Preservation Fund may be awarded based on the following criteria:

(1)

Funds must be used to purchase a manufactured dwelling park;

(2)

An applicant is a community organization or tenant group;

(3)

The park purchase proposal includes a term of at least 20 years of affordability as defined in the application;

(4)

The park purchase proposal demonstrates ongoing appropriate technical assistance to the park if cooperative owned or owned by a tenant-owned nonprofit organization;

(5)

A purchase and sale agreement or other similar document demonstrating site control has been signed by both the buyer and seller of the park;

(6)

The applicant has adequately demonstrated the ability to meet the proposed terms of loan repayment to a lender or to the Department when funding is awarded as a loan;

(7)

The applicant has adequately demonstrated the park can be operated in a financially feasible manner for at least the term of affordability;

(8)

The applicant has agreed to operate the park for the duration of the affordability period as specified in the application:

(9)

The applicant agrees to meet benchmarks for timely closing on funding resources and completion of renovations as provided in the application proposal; and

(10)

Any other criteria that the Department or Council determines to be appropriate.

Source: Rule 813-027-0040 — Criteria for Funding, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=813-027-0040.

Last Updated

Jun. 8, 2021

Rule 813-027-0040’s source at or​.us