OAR 813-048-0025
Application Review
(1)
For loans or grants where the amount requested from the Housing Revitalization Program does not exceed $100,000, or any other form of assistance, the Department shall consider the application and approve, disapprove, or request additional information on the application within 30 calendar days of receipt of the application.(2)
For loans or grants where the amount requested from the Housing Revitalization Program is in excess of $100,000, the Department shall consider the application and approve, disapprove or request additional information on the application within 30 calendar days or receipt of the application. If the Department proposes to make the loan or grant, it shall submit the loan or grant it proposes to make to the Housing Stability Council for review. The Housing Stability Council shall approve or disapprove the loan or grant at a public hearing of the Council, pursuant to ORS 456.571 (Powers and duties of council)(2). The Department shall advise the Applicant in writing of the action taken by the Housing Stability Council within 15 calendar days of such meeting.(3)
In reviewing applications for assistance, the Department and the Housing Stability Council, as appropriate, may consider, but are not limited to, the following:(a)
Amount of available funds in the Housing Revitalization Program;(b)
Availability of other sources of assistance;(c)
Ability to leverage public or private funds;(d)
Involvement of federal, state or local government agencies, nonprofit housing or social service agencies;(e)
Geographic area affected;(f)
Number and type of housing units to be provided or number of persons to be housed;(g)
Administrative costs and/or responsibilities imposed on the Department in connection with the assistance provided; and(h)
Type and number of households to be assisted.(4)
In accordance with ORS 458.310 (Housing revitalization program)(4), the Housing Stability Council shall assure a reasonable geographic distribution of funds among different regions of the state and shall place special emphasis on assuring that funds are available to projects in Rural Areas.
Source:
Rule 813-048-0025 — Application Review, https://secure.sos.state.or.us/oard/view.action?ruleNumber=813-048-0025.