Or. Admin. R. 813-028-0030

Current through Register Vol. 63, No. 8, August 1, 2024

Section 813-028-0030 - Application Procedure and Requirements

(1) The Department may provide a reservation of an award from the fund through a process that may include but is not limited to any of the following:

(a) A direct Department award;

(b) An application according to a first-come, first-reviewed process; or

(c) An application according to a competitive review process.

(2) In the case of a direct award under section (1)(a) of this rule, the Department may request information that the Department determines appropriate to support the award. An applicant for an award under section (1)(b) or (c) of this rule shall submit, in an application form and according to a process prescribed by the Department, a proposal as required by the Department. The proposal shall include all of the following items, subject to waiver of one or more of the items by the Department:

(a) A written description that includes the number of units, the unit mix, proposed rents, the site location, the proposed program of services to occupants, amenities and any other pertinent information.

(b) A statement of purpose indicating the housing type and residents to be housed, and the length of time the units will be available as affordable.

(c) A pro forma of expenses and income.

(d) The requested amount of funds, with proposed loan repayment terms if the funds are requested as a loan.

(e) Total development costs, with a description of all additional funding and funding sources.

(f) A description of the experience of the sponsor, developer, owner or manager in developing and operating housing.

(g) Any other documentation requested by the Department.

Or. Admin. R. 813-028-0030

OHCS 5-2010(Temp), f. & cert. ef. 2-25-10 thru 8-23-10; OHCS 11-2010, f. & cert. ef. 8-23-10

Stat. Auth.: ORS 456.555

Stats. Implemented: 2009 OL Ch. 906 Sec. 5