OAR 813-043-0040
Application Procedure and Requirements
(1)
The Department may provide grant funds subject to the availablility of funds in the program through a process which may include, but is not limited to, a first come-first reviewed or a competitive review process. The applicant shall submit, in an application form and process prescribed by the Department, project information including, but not limited to:(a)
A written description of the project including, but not limited to, the number of units, unit mix, proposed rents, site location, the proposed program of services to occupants and the availability of these services in the future, project amenities, and any other information pertinent to the project;(b)
A statement of project purpose indicating the housing type and tenants to be housed, and the length of time the units will be committed available for Low or Very Low Income households;(c)
A proforma of project expenses and income;(d)
Grant amount requested and total project development costs, including a description of all additional project funding and funding sources;(e)
A description of the sponsor/developer/owner/manager experience in developing and operating housing projects;(f)
Such other documentation as the Department may require.(2)
A lender may submit a request for a loan guarantee to the Department for a project that needs a credit enhancement in order to obtain a loan. Only projects that serve Low and/or Very Low Income households are eligible for loan guarantees, including construction loans. The lender’s request shall include, but is not limited to:(a)
A written description of the project including but not limited to, the number of units, unit mix, proposed rents, site location and amenities and any other information pertinent to the project;(b)
A statement of project purpose indicating the housing type and tenants to be housed;(c)
A proforma of project expenses and income;(d)
The Loan Guarantee amount requested and total project development costs, including a description of all additional project funding and funding sources;(e)
A description of the sponsor/developer/owner/manager experience in developing and operating housing projects;(f)
Such other documentation as the Department may require;(g)
A $100 non-refundable application fee;(h)
A non refundable construction loan application fee not to exceed $350.
Source:
Rule 813-043-0040 — Application Procedure and Requirements, https://secure.sos.state.or.us/oard/view.action?ruleNumber=813-043-0040.