Oregon Administrative Rules
813 - Oregon Housing and Community Services Department
Division 44 - HOME OWNERSHIP ASSISTANCE PROGRAM OF THE OREGON HOUSING FUND
813-044-0055 - Use of Grant Funds

Universal Citation: OR Admin Rules 813-044-0055
Oregon Housing and Community Services Department Chapter 813 Division 44
HOME OWNERSHIP ASSISTANCE PROGRAM OF THE OREGON HOUSING FUND

813-044-0055
Use of Grant Funds

An organization that receives a grant under the Home Ownership Assistance Program:

(1) Is subject to the condition that the organization continues to use the grant for the specific purpose, for the duration, and to the extent authorized by the grant application and agreement;

(2) May provide in its agreements with homeowners that when a homeowner sells the home, for which the organization’s assistance was furnished, the organization may recapture some or all of the assistance from proceeds of the sale;

(3) Must use funds recaptured under section (2) of this rule to furnish further down payment assistance under the program; and

(4) May be required by OHCS to repay all or part of the grant if the organization does not perform or expend all or part of the required Scope of Work as described in the agreement.

Statutory/Other Authority: ORS 456.555
Statutes/Other Implemented: ORS 458.620 & 458.655
History:
OHCS 41-2019, amend filed 12/30/2019, effective 12/30/2019
OHCS 2-2012, f. & cert. ef. 3-27-12
OHCS 9-2011(Temp), f. & cert. ef. 9-30-11 thru 3-27-12

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