Oregon Administrative Rules
Chapter 813 - OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT
Division 37 - AFFORDABLE HOUSING LAND ACQUISITION REVOLVING LOAN PROGRAM (LAP)
Section 813-037-0025 - Application Procedure Requirements

Universal Citation: OR Admin Rules 813-037-0025

Current through Register Vol. 63, No. 9, September 1, 2024

(1) The process of obtaining LAP funding will be specified in solicitation documents issued by OHCS, as supplemented by the LAP Manual. Additional direction and guidance can be found in the LAP Manual.

(2) OHCS may require payment of a non-refundable application charge from any applicant requesting LAP funds. If the application is not considered due to a lack of funding availability, the application charge will be returned.

(3) OHCS may refuse to process applications or terminate processing the application if it determines that an application is incomplete or otherwise nonconforming (see LAP Manual) or if the applicant fails to meet the definition of an eligible organization.

(4) Property already purchased or donated is not eligible for LAP funding.

(5) Property with a cost reimbursement agreement is not eligible for LAP funding.

(6) Property purchased from an entity with an Identity of Interest to the buyer is not eligible for LAP funding. See LAP Manual for additional information.

(7) Property with option agreements or purchase sale agreements are allowed to apply for LAP provided they were signed less than 12 months prior to their initial application date.

(8) Property designated for renovation is not eligible for LAP funding. Exceptions may be allowed for incidental buildings on a case-by-case basis (for example, a maintenance or storage shed).

Statutory/Other Authority: ORS 456.502

Statutes/Other Implemented: ORS 456.502

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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