OAR 813-044-0055
Use of Grant Funds

An organization that receives a grant under the Home Ownership Assistance Program:

(1)

Is subject to the condition that the organization continues to use the grant for the specific purpose, for the duration, and to the extent authorized by the grant application and agreement;

(2)

May provide in its agreements with homeowners that when a homeowner sells the home, for which the organization’s assistance was furnished, the organization may recapture some or all of the assistance from proceeds of the sale;

(3)

Must use funds recaptured under section (2) of this rule to furnish further down payment assistance under the program; and

(4)

May be required by OHCS to repay all or part of the grant if the organization does not perform or expend all or part of the required Scope of Work as described in the agreement.

Source: Rule 813-044-0055 — Use of Grant Funds, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=813-044-0055.

Last Updated

Jun. 8, 2021

Rule 813-044-0055’s source at or​.us