OAR 813-115-0020. Inclusion of Local Government Subsidy Program Properties as Publicly Supported Housing

(1) A local government may make an application to OHCS requesting that a local subsidy program be included in the definition of publicly supported housing as provided by ORS 456.766(6)(a)(B). (2) To be eligible for OHCS approval: (a) The local subsidy program must require a deed restriction, loan agreement, operating agreement, or any other writing agreement that places an affordability restriction on the property; and (b) The local government subsidy program must otherwise comply with and not be excluded from the definition of publicly supported housing (definition and exclusions are in ORS 456.766(6)(a)); and (3) If an application is approved by OHCS, property that is the subject of a contract by which the property becomes publicly supported housing that is subject to an affordability restriction becomes a participating property (as defined by ORS 456.766) and is subject to process requirements of this division of rules.