OAR 813-110-0022
Set-Aside
(1)
A portion of the maximum amount of tax credits established in ORS 317.097 (Lending institution loans for housing) is subject to either or both of the following:(a)
A set-aside by the department for projects that meet department identified goals under the OAHTC program.(b)
One or more set-asides established by the department from time to time, when directed by the Housing Stability Council, to meet housing needs in various economic or geographic regions of the state.(2)
At the department’s direction, a sponsoring entity that does not qualify for a set-aside under subsection (1) of this section may request that the department approve a set-aside on alternate grounds as provided in this subsection. The sponsoring entity must demonstrate to the department that the sponsoring entity meets criteria similar to those used in the needs assessment in Oregon’s plan that is approved by the U.S. Department of Housing and Urban Development (HUD) and that describes the needs, resources, priorities and proposed activities to be undertaken with respect to programs of that department. The department may approve or deny a set-aside on the basis of its consideration of a request under this subsection.
Source:
Rule 813-110-0022 — Set-Aside, https://secure.sos.state.or.us/oard/view.action?ruleNumber=813-110-0022.