OAR 813-060-0030
Eligible Disabled Housing Projects

(1)

The Department shall evaluate each Project for consistency with the Department’s interpretation of sound architectural design and prudent underwriting standards, as established in OAR 813-060-0031 (Standard Underwriting Criteria).

(2)

In order to qualify for a loan, a Project shall:

(a)

Be approved by the Department with respect to site; location; market demand; financial feasibility; qualifications of general contractor, management agent, and developer; appraisal; financial strength and credit a worthiness of the Eligible Borrower; management plan; final architectural package; Eligible Borrower’s organizational documents; American Land Title Association (ALTA) title report; and any other information the Department shall require;

(b)

Meet all applicable federal, state and local land use and zoning requirements, housing codes, licensing, and similar requirements;

(c)

Be in compliance with federal regulations, state statutes and Program rules;

(d)

Be located in the State of Oregon; and

(e)

Remain affordable in terms of the loan documents.

Source: Rule 813-060-0030 — Eligible Disabled Housing Projects, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=813-060-0030.

Last Updated

Jun. 8, 2021

Rule 813-060-0030’s source at or​.us