Oregon Administrative Rules
Chapter 813 - OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT
Division 125 - CO-LOCATION OF AFFORDABLE RENTAL HOUSING AND EARLY CARE AND EDUCATION (CARE)
Section 813-125-0036 - Program Continuation

(1) The CARE program includes capital resources in the form of grants, loans and other financial incentives or assistance, depending largely upon individual project need. Loans must include loan terms and interest rates though interest rates shall be established at rates below market levels, to be evaluated annually. Funds returned through this process shall be reused by the program during the term of agreement established through a contract with a Third Party Administrator, or until such time that the Department determines the program is no longer effective or funding is inadequate. At the time the program ends any unused or uncommitted funds must be returned from any third party provider, not including any agreed administrative expenses.

(2) The CARE program may be recapitalized from time to time by the Oregon Legislature. In these instances, additional funds are to be combined with any active and recycled funds as set forth in Program Criteria design (813-037-0030) and utilized in established pathways.