Oregon Administrative Rules
Chapter 813 - OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT
Division 120 - HOME INVESTMENT PARTNERSHIPS PROGRAM
Section 813-120-0040 - Eligible Costs for HOME Activities
Current through Register Vol. 63, No. 3, March 1, 2024
Costs are determined as eligible to be paid with HOME funds to the extent that they promote housing affordability. Eligible costs include:
(1) Development hard costs such as the actual costs of constructing or rehabilitating housing including, but not limited to:
(2) Development soft costs incurred by the owner and/or sponsor. These costs include reasonable and necessary costs associated with financing and/or development of new construction, rehabilitation, or acquisition including, but not limited to:
(3) Costs of acquiring improved or unimproved real property, including acquisition by homebuyers.
(4) Costs of relocation payments and other related assistance for permanently or temporarily Displaced Persons, families, businesses, farm operations or other entities determined appropriate by the Department, and staff and overhead costs directly related to providing advisory and other relocation services.
(5) Costs of rent or rental deposits for tenants receiving HOME Tenant-Based Rental Assistance.
(6) Costs of Program administration up to ten percent (10%) of the Department's fiscal year allocation. Allowable Administrative Costs include, but are not limited to, activities involving the coordination, monitoring and evaluation of HOME-assisted Projects or Programs such as preparing budgets, schedules and amendments; evaluating Program results against stated objectives; developing systems for assuring compliance with Program requirements; monitoring Program activities for progress and compliance with Program requirements; preparing reports and other compliance documents related to the HOME Program; and coordinating the resolution of audit and monitoring findings; the Department's staff and overhead costs directly related to carrying out the Project.
(7) Project-specific technical assistance and site control loans, and Project-specific seed money loans to CHDOs as outlined in 24 C.F.R. Sec. 92.301.
(8) Up to five percent (5%) of the Department's fiscal year HOME allocation may be used for the operating expenses of CHDOs as outlined in 24 C.F.R., Part 92.208.
Publications: Publications referenced are available from the agency.
Stat. Auth.: ORS 456.620
Stats. Implemented: ORS 456.559(1)(f)