Oregon Administrative Rules
813 - Oregon Housing and Community Services Department
Division 30 - ELDERLY HOUSING PROGRAM
813-030-0031 - Standard Underwriting Criteria

Universal Citation: OR Admin Rules 813-030-0031
Oregon Housing and Community Services Department Chapter 813 Division 30
ELDERLY HOUSING PROGRAM

813-030-0031
Standard Underwriting Criteria

In approving or disapproving any loan application, the Department and the Housing Stability Council shall consider, in addition to requirements elsewhere stated in the Program rules, the following criteria:

(1) The location of the Project site, including its proximity to transportation, shopping, social, commercial and recreational facilities, medical services and such other facilities and services as shall best serve the prospective residents;

(2) Financial feasibility of the Project;

(3) Availability of street, sewer, water, utilities and other public services;

(4) Availability of public or private transportation;

(5) Architectural design, including aesthetic quality, soundness of construction, energy efficiency, and suitability to the needs of the residents to be served;

(6) Compliance with applicable local comprehensive plan and land use regulations;

(7) Market demand;

(8) The financial strength, credit reputation and history of the Eligible Borrower; and

(9) The experience of the developer, contractors, architects, consultants and management agent in developing, constructing and operating housing projects.

Statutory/Other Authority: ORS 90.800 - 90.840, 91.886, 183, 456.515 - 456.723 & 458.210 - 458.650
Statutes/Other Implemented: ORS 456.515 - 456.720
History:
OHCS 2-2007, f. & cert. ef. 1-11-07
HSG 8-1991, f. & cert. ef. 12-23-91
HSG 2-1991(Temp), f. & cert. ef. 8-7-91
HSG 11-1989, f. & cert. ef. 11-3-89
HSG 3-1989(Temp), f. & cert. ef. 6-8-89
HSG 7-1987, f. & ef. 3-10-87
HSG 3-1987(Temp), f. & ef. 2-5-87
1HD 11-1984, f. & ef. 9-4-84
1HD 5-1984, f. 7-5-84, ef. 7-8-84
1HD 3-1984(Temp), f. & ef. 5-25-84
Reverted to 1HD 1-1983, f. & ef. 5-20-83
1HD 8-1983(Temp), f. & ef. 11-7-83
1HD 1-1983, f. & ef. 5-20-83

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