Or. Admin. Code § 813-405-0035
Current through Register Vol. 63, No. 12, December 1, 2024
Section 813-405-0035 - [Effective until 1/26/2025] Program Oversight(1) The Department requires information from project awardees on an annual basis every year that the fund is still actively being used for this program.(2) Report information must include but is not limited to the following: (a) Number of loan guarantees made to housing projects(b) Entity and project information of housing projects, including at a minimum: (D) Relevant project details, including at a minimum:(iii) Units by bedroom size(iv) Units by rent restrictions (b) Status of loan guarantees made, including at a minimum:(A) Length of time remaining on all active guarantees and associated loans(B) Use of guarantees, if applicable, by projects. Report should include both the amount activated and how it was utilized(c) Construction status of project(d) Relevant updated financial information if necessary(e) Pipeline of projects, if applicable(3) Information review shall be done at least annually by OHCS staff and will be delivered to the Department by, at the latest, 30 days after the end of each fiscal year (June 30).(a) The Department will provide oversight to a Third Party Administrator.(b) Oversight may be established through a cooperative review process. Joint reviews shall be done at least annually and may be more often if determined appropriate.(c) The Department shall establish report criteria for the Third Party Administrator that includes, at a minimum, the information outlined in 813-405-0020.Or. Admin. Code § 813-405-0035
OHCS 25-2024, temporary adopt filed 07/31/2024, effective 8/1/2024 through 1/26/2025Statutory/Other Authority: HB 3395 (2023)
Statutes/Other Implemented: HB 3395 (2023) & ORS 456.270 - 456.295