OAR 813-206-0050
Fund Uses
(1)
The department may disburse funds under the Multifamily Energy Program in the form of grants, loans, or other means, and upon such terms and conditions that, consistent with law, it determines to be necessary or appropriate in its sole discretion. Applicants and others, including project owners, must execute funding and related program documents as are required by and satisfactory to the department in its sole discretion. Any documents required by the department to be recorded, shall be so recorded at the expense of the applicant or other applicable party. The reservation of an award of Multifamily Energy Program funds by the department is contingent on timely satisfying to the department’s satisfaction all applicable program requirements, including but not limited to applicable department administrative rules (including the manual), orders, procurement standards, program documents, as well as other applicable federal, state, and local laws, codes, rules, ordinances, regulations and orders (all of the foregoing, including as amended from time to time, the “Program Requirements”).(2)
All program funding awards under subsection (1) are subject to the availability of program funds, the department having continued funding, appropriation, limitation, allotment, or other expenditure authority sufficient to allow it, in the exercise of its reasonable administrative discretion, to disburse or obligate such funds, the execution of financing assistance agreements or other program documents (collectively, “Program Documents”) required by and satisfactory to the department in its sole discretion, and as applicable, approval by the Housing Stability Council pursuant to ORS 456.561 (Loans, grants and funding awards).(3)
OHCS will prioritize available program funding in the following manner:(a)
First priority will go to successful applicants in department NOFA processes.(b)
Second priority will go to department bond program applicants. Related funding awards will require 10 years affordability and, depending upon the combination of funds involved, limit qualified tenants to not more than 50% or 60% AMI.(c)
Third priority will go to unsuccessful NOFA applicants.(d)
Final priority will go to program applicants that do not fall into subsections (3)(a)-(c) above.(4)
Program funding awards are subject, inter alia, to 10-year project affordability in conformance with program requirements.(5)
Notwithstanding the foregoing, the department reserves the right to award an amount of program funds through a pilot program for projects qualifying thereunder on a first-come, first-served basis or otherwise.
Source:
Rule 813-206-0050 — Fund Uses, https://secure.sos.state.or.us/oard/view.action?ruleNumber=813-206-0050.