Or. Admin. Code § 813-405-0015

Current through Register Vol. 63, No. 12, December 1, 2024

Section 813-405-0015 - [Effective until 1/26/2025] Availability and Source

(1) CLG funds were authorized through House Bill 3395 of the Oregon Legislative Session in 2023. A program framework was then provided and approved by the Oregon Housing Stability Council.

(2) CLG funds, must be granted to a third-party administrator that is a CDFI for the purpose of fund management and administration of the program.

(3) The CLG fund administrator is responsible for the following:

(a) Outreach

(b) Technical assistance

(c) Fund management

(d) Pipeline monitoring, tracking and management

(e) Program design

(f) Fund deployment

(g) Impact analysis

(h) Compliance monitoring

(i) Reporting

Or. Admin. Code § 813-405-0015

OHCS 25-2024, temporary adopt filed 07/31/2024, effective 8/1/2024 through 1/26/2025

Statutory/Other Authority: HB 3395 (2023)

Statutes/Other Implemented: HB 3395 (2023) & ORS 456.270 - 456.295