OAR 813-350-0050
Criteria for Guarantees


The Department has no obligation to issue any loan and/or lease guarantee in response to any loan and/or lease guarantee request made pursuant to this division.


In evaluating whether or not to provide a loan and/or lease guarantee, or the amount of any such guarantee, the Department may consider factors including, but not limited to the following:


The responsiveness and accuracy of the request;


The need of the project for the guarantee;


The availability of other credit enhancement vehicles;


The credit worthiness of the project;


The experience and ability of the project sponsor;


The experience and ability of the lender and/or leasing company;


The location and need for the project;


The availability of Department funds and guarantee authority;


The Department’s experience with and/or the reputation of the lender, leasing company and/or sponsor, including without limitation, any of their agents, representatives, employees or contractors;


The amount, quality, and duration of suitable lower income housing to be provided or enabled by the project;


The mix of low and very-low income housing to be provided or enabled; and


Any other information obtained by or made available to the Department.


The Department may give a preference for a loan and/or lease guarantee based upon factors including, but not limited those described in subparagraph (2) and to the following:


Providing the greatest number of suitable housing units constructed, acquired, developed or rehabilitated for the least amount of guarantee, granted or committed;


The longest possible use for the units as lower income housing units;


Providing suitable housing for a seasonal work force, where a critical need for housing such a work force exists; and


Providing suitable housing for specific populations, which have historically faced barriers in finding housing, and which are identified as having a priority in the Consolidated Plan or its successor or in a state-acknowledged initiative;


In evaluating housing projects that serve a predominantly non-English speaking population, the Department may give subordinate preference to projects which mitigate the language barrier impact in the provision of supportive services.

Source: Rule 813-350-0050 — Criteria for Guarantees, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=813-350-0050.

Last Updated

Jun. 8, 2021

Rule 813-350-0050’s source at or​.us