21 chapters · 2,097 sections in this title.
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. …
ORS 456.723 Legislative finding on bonding authority of department
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The Legislative Assembly finds that: (1) There exists a shortage of safe, affordable and readily available housing in this state, particularly for people of low income, fixed income or modest means. (2) It is in the best interests of the people of this state to insure that there …
ORS 456.724 Prioritizing housing stabilization for infants; report
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(1) The Housing and Community Services Department shall prioritize, whenever possible in the departments discretion, families with children under 12 months of age, in adopting rules or policies to implement or administer programs that serve to promote housing stabilization for p…
ORS 456.725 Discrimination against purchaser with children prohibited; exceptions; rules
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(1) Unless the qualified housing sponsor has agreed not to discriminate against the initial dwelling unit purchaser or any tenant who is a parent or legal guardian with whom a child resides or is expected to reside, the housing sponsor shall not be entitled to any benefits for th…
ORS 456.766 Definitions for ORS 456.766 to 456.828
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As used in ORS 456.766 to 456.828: (1)(a) Affordability restriction means a limit on rents that a property owner may charge at a participating property or a limitation on the use of a participating property as set forth in a contract. (b) Affordability restriction does not in…
ORS 456.769 Legislative findings
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(1) The Legislative Assembly finds and declares that: (a) The maintenance of a pool of affordable housing for all citizens is a matter of statewide concern. (b) The contracts for many participating properties in this state that are publicly supported housing are about to expire o…
ORS 456.776 Applicability; interpretation; rules
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(1) ORS 456.766 to 456.828 do not apply to or restrict the acquisition of property by: (a) A government that acquires the participating property by eminent domain or a negotiated purchase in lieu of eminent domain. (b) A purchaser of the participating property in a foreclosure sa…
ORS 456.781 Termination date notice to government; extension for failure to give timely notice; waiver
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(1) The owner of a participating property shall deliver notice in a format prescribed by the Housing and Community Services Department, including by electronic delivery or by registered or certified mail, to each local government within which the participating property is located…
ORS 456.788 Termination date notice to tenants; extension for failure to give timely notice
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(1) In addition to notices given under ORS 456.781 and 456.814, the owner of publicly supported housing as described in ORS 456.766 (6)(a)(B) in which the Housing and Community Services Department is a party to the contract must provide notice to the tenants under this section be…
ORS 456.792 Duties of landlord and owner to tenants after termination date; penalty
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(1) Beginning on the termination date and lasting for a period of three years, the owner or landlord of formerly publicly supported housing: (a) May not terminate the tenancy under ORS 90.427 (3)(b), (4)(b) or (5). (b) May not provide a rent increase notice more than once in any …
ORS 456.797 Remedy for failure to give notice
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(1) Any person who suffers any ascertainable loss of money or property, real or personal, as a result of the failure of an owner of a participating property to provide notices or otherwise comply with the provisions of ORS 456.781, 456.788, 456.792 (1), 456.814 or 456.819 may bri…
ORS 456.804 Department notice of extension of affordability restrictions; recording; termination
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(1) If a property owner or landlord does not timely provide notice required under ORS 456.781 (1) or (2) or 456.788 (3) or (4), the Housing and Community Services Department may record in the real property records of the county in which the property is located, without the consen…
ORS 456.809 Sanctions against withdrawing property owner prohibited
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(1) Except as expressly authorized in ORS 456.781, 456.788, 456.814 or 456.819 or as may be provided by contract with the property owner, a local government may not: (a) Impose any fine, penalty, tax, fee, charge, assessment or other restriction or sanction against a property own…
ORS 456.814 Offers by qualified purchasers; right of first refusal; recording
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(1) After the owner of a participating property has delivered the notice under ORS 456.781 (1) or 30 months prior to the date when the contract term would expire as described in ORS 456.781 (1)(a), whichever is earlier, the Housing and Community Services Department may appoint a …
ORS 456.819 Right of first refusal; matching offer
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(1) Before selling a participating property that is subject to a recorded notice of right of first refusal under ORS 456.814 (3) to a third party other than a qualified purchaser, a property owner shall send notice of the owners intent to accept a purchase offer by registered or…
ORS 456.824 Affordable housing preservation program
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The Housing and Community Services Department shall establish and maintain an affordable housing preservation program to coordinate affordable housing preservation efforts and incentivize the analysis and preservation of affordable housing, including publicly supported housing an…
ORS 456.828 Publication of publicly supported housing information
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The Housing and Community Services Department shall maintain on the departments website information in the departments possession with respect to publicly supported housing, including information on: (1) The expiration dates of the affordability restrictions; (2) The number of …
ORS 457.010 Definitions
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As used in this chapter, unless the context requires otherwise: (1) Blighted areas means areas that, by reason of deterioration, faulty planning, inadequate or improper facilities, deleterious land use or the existence of unsafe structures, or any combination of these factors, …
ORS 457.020 Declaration of necessity and purpose
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It hereby is found and declared: (1) That there exist within the state blighted areas. (2) That such areas impair economic values and tax revenues. (3) That such areas cause an increase in and spread of disease and crime and constitute a menace to the health, safety, morals and w…
ORS 457.025 Powers supplemental to other laws
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The powers conferred by this chapter are in addition and supplemental to the powers conferred by any other law. [Formerly 457.110]
ORS 457.035 Urban renewal agencies; creation; ordinance to exercise powers; area of operation
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(1) In each municipality, as defined in ORS 457.010, there hereby is created a public body corporate and politic to be known as the urban renewal agency of the municipality. However, the urban renewal agency shall not exercise its powers until or unless the governing body of th…
ORS 457.045 Election of method of exercise of urban renewal agencys powers
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The governing body of a municipality shall, in the ordinance adopted under ORS 457.035, elect to have the powers of an urban renewal agency under this chapter exercised in one of the following ways: (1) By a housing authority of the municipality established pursuant to the Housin…
ORS 457.055 Transfer of urban renewal agency powers
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At any time following adoption of the ordinance under ORS 457.035, or for urban renewal agencies activated before October 3, 1979, at any time following adoption of a proper resolution or ordinance of the governing body of the municipality, the governing body of a municipality ma…