OAR 813-035-0005
Purpose and Objectives

The rules of OAR chapter 813, division 35, are established to administer and enforce ORS 456.515 (Definitions for ORS 456.515 to 456.725 and ORS chapter 458) through 456.720 (Housing Finance Fund), and specifically 456.615 through 456.720 (Housing Finance Fund). These rules implement the Pass-Through Revenue Bond Financing Program, which has an objective of providing funds to finance the construction, rehabilitation and acquisition of multi-unit housing in the State of Oregon for persons and families of lower income, while providing sufficient safeguards to protect the financial interest of the state. Other objectives of the Program include providing for additional flexibility in the Department’s overall financial loan structuring, and providing an efficient process for simplifying underwriting, approval and Project monitoring so as to accommodate pass-through revenue bond financing.

Source: Rule 813-035-0005 — Purpose and Objectives, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=813-035-0005.

Last Updated

Jun. 8, 2021

Rule 813-035-0005’s source at or​.us