Current through Register Vol. 63, No. 9, September 1, 2024
(1) The Department may distribute HOME funds,
subject to availability of funds in the Program, through a process which may
involve but is not limited to a first come - first reviewed process,
demonstration program, a competitive review process, or as necessary to
maintain an on-going concern.
(a)
Applications for HOME funds may include a pre-application and a final
application. The completeness of information in pre-applications shall be the
basis for inviting final applications.
(b) Each application submitted shall be
reviewed by Department staff according to Program requirements and detailed
Project evaluation criteria.
(2) The Applicant shall submit, on an
application form and in accordance with the process prescribed by the
Department, Applicant and Project information including but not limited to:
(a) Name, address and telephone number of the
Applicant;
(b) Category of
assistance requested;
(c) Amount
requested and total Project costs, including a description and documentation of
all additional Project funding and funding sources;
(d) A pro forma of Project income and
expenses;
(e) The percentage of
Match, as required by 24 C.F.R. ¦ 92.218;
(f) A written description of the Project
including the number of units, unit mix, proposed rents, site location, Project
amenities, and any other information required in the application materials,
Program guidelines or 24 C.F.R. Part 92 ;
(g) A statement of Project purpose indicating
the housing type and tenants to be housed, and the length of time and the
number of units that will be committed for occupancy by Low- and Very
Low-Income Families;
(h) A
description of how the proposed Project meets the regional or statewide needs
and priorities addressed in and is consistent with Oregon's Consolidated Plan
or its successor, or documentation as to why the highest priority in the
Applicant's community differs from the highest priorities outlined in Oregon's
Consolidated Plan;
(i) A narrative
of the experience of the sponsor/developer/owner/manager in developing and
operating housing projects;
(j) A
description of the Applicant's readiness to proceed on Project activities.
Applicants should expect to begin construction activities within six months of
execution of the HOME Agreement; and
(k) A schedule for completion of Project
activities.
(3)
Applicants must minimize Layering in Projects proposed for HOME funding in
accordance
24
CFR 92.250 Subpart b, and the Department will
not invest any more HOME funds in combination with other federal governmental
assistance than is necessary to provide affordable housing to the targeted
population.
Publications: Publications referenced are available from the
agency.
Stat. Auth.: ORS
456.620
Stats. Implemented: ORS
456.559(1)(f)
