OAR 813-012-0010. Purpose and Objectives

The rules of OAR chapter 813, division 12, are promulgated to carry out the provisions of ORS 456.515 through 456.720, as they pertain to the administration by the Housing and Community Services Department (Department) of the Multifamily Rental Financing: Permanent Loan program (the “program”). These rules and the related determinations and orders of the Department constitute the program. The purpose of the program is to provide funds to finance the construction, rehabilitation, and acquisition of multi-unit rental housing in the State of Oregon, while providing sufficient safeguards to protect the financial interests of the state.