OAR 813-030-0035. Approved Housing Borrowers

(1) To be eligible to receive a program loan or a program contribution, a borrower must satisfy and comply with all applicable statutory requirements, the rules set forth in this OAR chapter 813, division 30, including all terms as outlined in the multifamily rental financing: permanent loan program manual. (2) Any entity may apply for a program loan or a program contribution, provided its proposed use of loan proceeds meets project eligibility requirements and the entity meets all applicable applicant eligibility criteria. Program contributions may only be awarded to applicants who receive a program loan.