21 chapters · 2,097 sections in this title.
ORS 456.571 Powers and duties of council
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(1) The Oregon Housing Stability Council shall, with the advice of the Director of the Housing and Community Services Department, develop policies to: (a) Aid in stimulating and increasing the supply of housing for persons and families of lower income; (b) Address geographic and …
ORS 456.572 State housing plan; contents; annual update
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(1) The Housing and Community Services Department shall develop a comprehensive state plan for responding to the needs of very low income, low income and moderate income Oregonians for housing and services, with the goal of providing affordable housing. The department shall ensur…
ORS 456.574 Housing and Community Services Department Fund
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(1) There is created in the General Fund of the State Treasury the Housing and Community Services Department Fund. All moneys deposited in the fund are continuously appropriated for the purposes of carrying out the programs which the Housing and Community Services Department is c…
ORS 456.575 Lottery bonds authorization for affordable housing
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(1) Pursuant to ORS 286A.560 to 286A.585, at the request of the Oregon Department of Administrative Services, after the department consults with the Housing and Community Services Department, the State Treasurer is authorized to issue lottery bonds for the Housing and Community S…
ORS 456.578 Use of funds; petty cash fund
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(1) Subject to other applicable laws and agreements entered into with bondholders, amounts received by, or appropriated to, the Housing and Community Services Department may be applied to funds and accounts as the Director of the Housing and Community Services Department determin…
ORS 456.579 Manufactured Dwelling Parks Account; restrictions; other moneys
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(1) There is established separate and distinct from the General Fund an account to be known as the Manufactured Dwelling Parks Account. Moneys in the account are continuously appropriated to the Housing and Community Services Department for the purpose of carrying out the duties …
ORS 456.581 Uses of Manufactured Dwelling Parks Account; rules
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The Manufactured Dwelling Parks Account established in ORS 456.579 shall be used by the Housing and Community Services Department to provide: (1) Technical assistance to tenants associations, manufactured dwelling park nonprofit cooperatives, tenants association supported nonpr…
ORS 456.582 Prohibited acts; civil penalty
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(1) No person, either personally or by an agent, shall: (a) Make any material omission or false statement in the application for a single-family residential loan financed by the Housing and Community Services Department; or (b) Sell, rent or fail to occupy as a primary residence …
ORS 456.585 Agriculture workforce housing information
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The Housing and Community Services Department shall serve as the primary state agency for information about agriculture workforce housing as defined in ORS 315.163. The department shall perform the following duties related to agriculture workforce housing information: (1) Develop…
ORS 456.587 Electricity Public Purpose Charge Fund; Low-Income Electric Bill Payment Assistance Fund
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(1) The Housing and Community Services Department Electricity Public Purpose Charge Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Housing and Community Services Department Electricity Public Purpose Charge Fund shal…
ORS 456.589 Legislative findings
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The Legislative Assembly finds that cities with a population of 300,000 or more suffer from a lack of available mortgage financing for the purchase of single-family homes in the core and inner areas of those cities. There is a need for low-cost mortgage financing for single-famil…
ORS 456.593 Use of bonds for single-family home loans in Portland; amount; income and area limits; fees and charges
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(1) As used in this section, unless the context requires otherwise, city means any city with a population of 300,000 or more. (2) Notwithstanding any of the provisions of ORS 456.548 to 456.828 to the contrary: (a) Of the $2.5 billion bond authorization under ORS 456.661, the a…
ORS 456.594 Definitions
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As used in ORS 456.594 to 456.599: (1) Cash payment means a payment made by the Housing and Community Services Department to the dwelling owner or to the contractor on behalf of the dwelling owner for energy conservation measures. (2) Contractor means a person that installs o…
ORS 456.595 Petroleum supplier assessment; computation; effect of failure to pay; interest
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(1) Each petroleum supplier shall annually pay to the Housing and Community Services Department its share of a petroleum supplier assessment. (2) Moneys received by the department under this section shall be deposited in the Oil-Heated Dwellings Energy Account to be used only to …
ORS 456.597 Oil-Heated Dwellings Energy Account
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(1) The Oil-Heated Dwellings Energy Account is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Oil-Heated Dwellings Energy Account shall be credited to the account. (2) Moneys in the Oil-Heated Dwellings Energy Account are co…
ORS 456.599 Rules
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The Housing and Community Services Department may adopt by rule policies and procedures for the administration and enforcement of ORS 456.594 to 456.599. [2017 c.727 §13] Note: See note under 456.594.
ORS 456.601 Statewide housing production dashboard; rules
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(1) The Housing and Community Services Department may adopt rules to implement this section and ORS 456.602. (2) On an annual basis the Housing and Community Services Department shall update a publicly available statewide housing production dashboard. (3) The dashboard shall incl…
ORS 456.602 Statewide housing equity indicators
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(1) On an annual basis the Housing and Community Services Department shall update publicly available statewide housing equity indicators. (2) The indicators shall include, for each city under ORS 456.601, quantifiable data, to the extent that the department can determine, define …
ORS 456.603 Public meeting for severely rent-burdened cities; rules
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In any year in which a housing indicator demonstrates that at least 25 percent of the renter households in a city are severely rent burdened under ORS 456.602 (2)(g), the governing body of the city shall hold at least one public meeting to discuss the causes and consequences of s…
ORS 456.605 Mortgage credit certificate program
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(1) The Housing and Community Services Department may establish and implement mortgage credit certificate programs to make available income tax credits for indebtedness incurred on acquisition, improvement or rehabilitation of a principal residence. Under this program, the depart…
ORS 456.607 Definitions
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As used in this section and ORS 456.608: (1) Landlord means an owner of a dwelling unit that has entered into a rental or lease agreement with a tenant. (2) Low income household means a household of one or more individuals whose combined incomes are at or below 60 percent of …
ORS 456.608 Rent Guarantee Program; rules
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(1) The Housing and Community Services Department shall develop and implement the Rent Guarantee Program for the purpose of providing incentives and financial assistance to landlords that rent to low income households by guaranteeing payments to landlords for unpaid rent and for …
ORS 456.609 Rent Guarantee Program Fund
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(1) The Rent Guarantee Program Fund is established within the State Treasury, separate and distinct from the General Fund. Interest earned by the Rent Guarantee Program Fund shall be credited to the fund. (2) Moneys in the Rent Guarantee Program Fund shall consist of: (a) Amounts…
ORS 456.612 Declaration of financing purpose
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The Legislative Assembly finds and declares that the primary purpose of financing by the Housing and Community Services Department is to provide affordable housing for persons and families of lower income. [2001 c.738 §1; 2007 c.607 §16] Note: 456.612 was enacted into law by the …
ORS 456.620 Duties of department in carrying out housing programs; rules
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In carrying out housing programs, the Housing and Community Services Department shall: (1) With the approval of the Oregon Housing Stability Council, adopt standards for the planning, development and management of housing projects for which qualified housing sponsors receive all …
ORS 456.623 Project funding notification registry
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(1) The Housing and Community Services Department shall establish a registry system for persons requesting to be notified when department-proposed funding awards are contemplated for multifamily housing projects. (2) Any person may register with the department to receive the noti…
ORS 456.625 Department powers; recording terms of use for housing projects; procurement; fees; rules
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The Housing and Community Services Department may: (1) Undertake and carry out studies and analyses of housing needs within the state and ways of meeting such needs and make the results of such studies and analyses available to the public, qualified housing sponsors and the priva…
ORS 456.627 Limitations on department to make single-family residential loans
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Notwithstanding the provisions of ORS 456.625 (7) and except for loans made solely to provide assistance with down payments or closing costs, the Housing and Community Services Department may not make any single-family residential loan directly to any individual unless the Legisl…
ORS 456.630 Services to qualified sponsors and institutions
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The Housing and Community Services Department may provide qualified housing sponsors and lending institutions with advisory, consultative training and educational services as necessary to assist those sponsors. For purposes of this section, advisory and other services include, bu…
ORS 456.635 Commitments on residential loans
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(1) In order to provide additional permanent financing for housing for persons and families of lower income and for manufactured dwelling park tenant purchases of lots described in ORS 92.840, the Housing and Community Services Department may make commitments to purchase and purc…
ORS 456.640 Purchase of residential loans
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(1) The Housing and Community Services Department shall prescribe a form for the application by a lending institution for the purchase of newly originated or other existing residential loans by the department under ORS 456.635. (2) Prior to the submission by it of an application …
ORS 456.645 Revenue bonds
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(1) The State Treasurer, at the request of the Housing and Community Services Department, from time to time, may issue and sell bonds in the name of and on behalf of the State of Oregon in compliance with the applicable provisions of ORS chapter 286A in the principal amount the d…
ORS 456.655 When bonds not to be issued; debt service reserve; bond declaration
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(1) Bonds may be secured additionally by a pledge of amounts in the capital reserve account if provided in the housing finance bond declaration authorizing their issuance. The State Treasurer shall not issue bonds secured by a pledge of amounts in the capital reserve account unle…
ORS 456.661 Limitation on revenue bond amount; legislative findings; designation of areas for issuance of qualified mortgage bonds
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(1) The aggregate principal amount of bonds issued under ORS 456.645 that may be outstanding is $2.5 billion, excluding bonds issued under and within the limits provided in ORS 456.515 to 456.828 and any bonds that have been refunded. The amount of $30 million of the total $2.5 b…
ORS 456.665 Status of revenue bonds; negotiability; interest tax-exempt
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(1) Neither the State Treasurer, the Director of the Housing and Community Services Department, the Oregon Housing Stability Council nor any officer or employee of the Housing and Community Services Department shall be liable personally on any bonds issued under ORS 456.515 to 45…
ORS 456.670 Bond maturity; execution
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Bonds issued by the State Treasurer shall mature at the time or times not exceeding 47 years from the date of issue as shall be stated in the housing finance bond declaration. Notwithstanding the provisions of any other law, the rates of interest payable and discount, if any, wit…
ORS 456.675 Bond provisions and limits; security for payment
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(1) The bonds issued by the State Treasurer under ORS 456.515 to 456.828 and the agreements with the bondholders may: (a) Pledge all or any part of the fees and charges made or received by the Housing and Community Services Department under ORS 456.548 to 456.828 and all or any p…
ORS 456.680 Purchase of bonds by department
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Except as otherwise provided in the operative documents, the Housing and Community Services Department may acquire outstanding bonds issued on behalf of the department, as provided in ORS 286A.123 (1), out of moneys described in ORS 286A.123 (3) or other moneys of the department …
ORS 456.685 Bondholders remedies
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(1) If the Housing and Community Services Department defaults in the payment of the principal or interest due upon a bond, whether at maturity or upon call for redemption and such default continues for a period of 30 days thereafter or if the department fails or refuses to comply…
ORS 456.690 Loan authority of department; rules
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(1) Upon a finding made by the Oregon Housing Stability Council that the supply of funds available through lending institutions for the financing of residential loans for the acquisition, construction, improvement or rehabilitation of housing units, manufactured dwellings, manufa…
ORS 456.692 Loans financed through bonds secured by specific properties
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(1) As used in this section, eligible housing project means a housing development determined by the Housing and Community Services Department to be suitable for financing under this section. (2) In addition to any other powers granted by law, including without limitation the po…
ORS 456.695 Housing required to comply with land use plans, zoning and other ordinances
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All housing units or projects for which funds are advanced, loaned or otherwise provided by the Housing and Community Services Department under ORS 456.515 to 456.828 and ORS chapter 458 must be in compliance with any interim comprehensive land use plan or comprehensive land use …
ORS 456.697 Restrictions on use of financing provided by department; regulation of housing sponsor; security interests
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(1) Not more than 50 percent of the total amount of any financing provided by the Housing and Community Services Department for a particular housing development may be used to finance commercial, recreational, industrial, communal or educational facilities. Profits from incidenta…
ORS 456.700 Pledge and lien
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Any pledge, commitment or reservation of funds made by the Housing and Community Services Department under ORS 456.515 to 456.828 is valid and binding from the date on which the pledge was executed as provided in ORS 286A.102. The lien of the pledge is valid and binding as agains…
ORS 456.705 Servicing loans
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For the servicing of any residential, manufactured dwelling, manufactured dwelling park or manufactured dwelling park nonprofit cooperative loan made or acquired by the Housing and Community Services Department under ORS 456.515 to 456.828 and ORS chapter 458 the department may: …
ORS 456.710 Department advances to qualified housing sponsors
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(1) The Housing and Community Services Department may use moneys in the Housing and Community Services Department Fund to make noninterest-bearing advances to qualified nonprofit housing sponsors or interest-bearing advances to other qualified housing sponsors for use in payment …
ORS 456.715 Insurance of loans
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(1) The Housing and Community Services Department may insure residential, manufactured dwelling, manufactured dwelling park and manufactured dwelling park nonprofit cooperative loans or obtain reinsurance on such loans. All such loans shall be used only to provide residential hou…
ORS 456.717 Interim construction financing for multifamily housing
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(1) The Housing and Community Services Department may participate with a lending institution in providing interim construction financing for multifamily housing projects. Subject to the discretion of the department, such financing need not be insured or guaranteed. (2) As used in…
ORS 456.720 Housing Finance Fund; Housing Development Account
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(1) The Housing Finance Fund is established, separate and distinct from the General Fund. The Housing Finance Fund shall consist of the proceeds from the sale of bonds issued under ORS 456.645 and related refunding bonds, fees and other moneys received by the Housing and Communit…
ORS 456.722 Preferences in funding grants to low-income housing providers; rules
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(1)(a) The Housing and Community Services Department shall, when awarding public funds for low-income rental housing, give a substantial preference to low-income housing providers that do not require applicants for such housing to have net income greater than two times the rent. …