OAR 813-090-0015. Qualified Allocation Plan; Allocation of Credit Authority

(1) The 2025 Qualified Allocation Plan (referred to hereafter as QAP) with the requirements and standards therein, dated February 25, 2025, is incorporated into and adopted as part of this division of administrative rules, by reference. (2) The 2025 QAP may be accessed online at OHCS’ website. (3) OHCS, as the authorized state housing credit agency, develops and maintains a Qualified Allocation Plan for the allocation of both, or 4%, and, or 9%, LIHTC. (4) OHCS may, to the extent of its credit authority, allocate LIHTCs pursuant to the current QAP approved by executive order and then in effect. (5) OHCS will allocate the LIHTCs in compliance with the program requirements. Applications will be solicited during specified periods within OHCS’ Oregon Centralized Application "ORCA" process. OHCS can also select from a pool of qualified applicants, or such other process as OHCS deems appropriate. (6) OHCS shall maintain a record of allocations and the balance of credit authority remaining for each calendar year. [ED. NOTE: To view attachments referenced in rule text, click here to view rule.]