Oregon Administrative Rules
Chapter 813 - OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT
Division 27 - MANUFACTURED DWELLING PARKS PRESERVATION FUND PROGRAM
Section 813-027-0040 - Criteria for Funding

(1) Funds must be used to purchase a manufactured dwelling park;

(2) An applicant is a community organization or tenant group;

(3) The park purchase proposal includes a term of at least 20 years of affordability as defined in the application;

(4) The park purchase proposal demonstrates ongoing appropriate technical assistance to the park if cooperative owned or owned by a tenant-owned nonprofit organization;

(5) A purchase and sale agreement or other similar document demonstrating site control has been signed by both the buyer and seller of the park;

(6) The applicant has adequately demonstrated the ability to meet the proposed terms of loan repayment to a lender or to the Department when funding is awarded as a loan;

(7) The applicant has adequately demonstrated the park can be operated in a financially feasible manner for at least the term of affordability;

(8) The applicant has agreed to operate the park for the duration of the affordability period as specified in the application:

(9) The applicant agrees to meet benchmarks for timely closing on funding resources and completion of renovations as provided in the application proposal; and

(10) Any other criteria that the Department or Council determines to be appropriate.