Oregon Administrative Rules
Chapter 813 - OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT
Division 140 - COMMUNITY DEVELOPMENT INCENTIVE PROJECT FUND
Section 813-140-0060 - Funding Preferences

(1) Are designed in a manner that maximizes long-term sustainability through use of recycled materials, attention to energy efficiency, and long term economic viability of the project;

(2) Further the economic vitality of the local community;

(3) Address a specific unmet need for affordable housing;

(4) Leverage, to the maximum extent, public and private funding sources (including tax incentives), as demonstrated by local and/or private commitment and investment;

(5) Are designed in a manner to be consistent with or complementary to the character of the surrounding community or neighborhood; and/or

(6) Demonstrate ability to expend Incentive Fund resources within 12 months after award. In the event there are insufficient moneys in the Incentive Fund to meet all otherwise qualified pending applications, the department may provide loans in part or for all of the amount requested based on the number of the categories listed above that a proposed project falls within.