Oregon Administrative Rules
Chapter 813 - OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT
Division 41 - AGRICULTURE WORKFORCE HOUSING TAX CREDIT PROGRAM
Section 813-041-0010 - Program Description and Application Requirements
Current through Register Vol. 63, No. 9, September 1, 2024
(1) OHCS may allot AWHTC Program credits on an annual basis or on a biennial basis. Credits and awards of these credits are identified by the year OHCS makes reserves the credits for allocation.
(2) A taxpayer or a contributor may obtain a Letter of Credit Approval (LOCA) from OHCS for the purpose of claiming an AWHTC Program credit by submitting an application and meeting the requirements described in OAR 813-041-0025.
(3) The application must be submitted on the application form furnished or required by OHCS and must comply with all requirements established by OHCS.
(4) To apply for the AWHTC Program credit for a specific year, a taxpayer or a contributor must file the application in a manner consistent with this section.
(5) A taxpayer or a contributor is responsible for being informed of current application requirements for the program, including but not limited to information as provided by OHCS through its applicable solicitation for applications.
(6) An application for AWHTC Program Credits for Community-Based projects ust be submited through the Oregon Centralized Application (ORCA) process.
(7) Twenty percent of the total available biennial allocation of AWHTC Program Credits will be set aside for the acquisition, construction, installation, or rehabilitation of On-Farm housing units.
(8) An application for the On-Farm Set-Aside is filed with OHCS:
Statutory/Other Authority: ORS 315.167 - 315.171 & 458.650
Statutes/Other Implemented: ORS 315.167