Oregon Administrative Rules
Chapter 813 - OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT
Division 140 - COMMUNITY DEVELOPMENT INCENTIVE PROJECT FUND
Section 813-140-0050 - Eligible Applicants and Eligible Projects
Universal Citation: OR Admin Rules 813-140-0050
Current through Register Vol. 63, No. 9, September 1, 2024
(1) Eligible applicants include local governments and nonprofit and for-profit organizations.
(2) To be eligible for funding, a proposed project must meet the following criteria:
(a)
The project must be located within the urban growth boundary of an incorporated
city in this state, or in an Urban Unincorporated Community, Rural Community,
or Rural Service Center that is served by a community sewer system and/or water
system.
(b) The project must
achieve at least one of the following three main purposes found in ORS
458.725:
(A) Promoting affordable housing near jobs or
transit, developments near jobs and transportation;
(B) Revitalizing downtowns and community
centers; and
(C) Rebuilding rural
and distressed economies.
(c) The project must demonstrate financial
feasibility and soundness based on cash flow projections or documentation
submitted with the application.
(d)
The project must promote achievement of at least one of the Governor's "Six
Budget Principles."
(e) The project
must comply with local comprehensive plans and land use ordinances or other
regional or local plans.
(f) The
project sponsor must demonstrate capacity (including capacity provided by
outside consultants or developers) to fully implement the project as documented
in application materials.
(g) The
project must be locally supported and serve to further the community's goals
related to livability and growth.
(h) The for-profit developer that is or will
be the owner of the project must demonstrate investment or equity in the
project.
(3) Eligible projects include, but are not limited to, a development project that has joint public and private sponsorship and/or ownership.
Stat. Auth.: ORS 458.705 - 458.740
Stats. Implemented: ORS 458.705 - 458.740
Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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