Action affecting covenant. An action affecting an affordable housing covenant may be commenced or intervened in by

(1) The owner of an interest in the real property burdened by the covenant;

(2) An eligible covenant holder of the benefit of the covenant;

(3) A person that has a third-party right of enforcement; or

(4) A public body, as defined in ORS 174.109, in the jurisdiction of which the real property burdened by the covenant is located. [2007 c.691 §5]

Note: See note under 456.270.

STATE AND LOCAL COOPERATION WITH HOUSING PROJECTS