OAR 813-090-0005

OAR 813-090 provides specific guidance pursuant to ORS 456.515 (Definitions for ORS 456.515 to 456.725 and ORS chapter 458) through 456.720 (Housing Finance Fund), specifically 456.559 (Powers and duties of department)(1)(f). These statutes designate Oregon Housing and Community Services (OHCS) as the state agency responsible for administering the federally-subsidized Low-Income Housing Tax Credit (LIHTC) Program. The purpose of the LIHTC Program is to provide a federal income tax incentive to assist and encourage the development of affordable rental housing units for low-income households through the allocation of housing tax credits as provided by Section 42 of the Internal Revenue Code of 1986, as amended (“IRC”) and corresponding Treasury Regulations, as amended.
Last Updated

Jun. 8, 2021

Rule 813-090-0005’s source at or​.us