Oregon Administrative Rules
Chapter 813 - OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT
Division 60 - DISABLED HOUSING PROGRAM
Section 813-060-0031 - Standard Underwriting Criteria
Current through Register Vol. 63, No. 3, March 1, 2024
In approving or disapproving any loan application, the Department and the State Housing Council shall consider, in addition to requirements elsewhere stated in the Program rules, the following criteria:
(1) The location of the Project site, including its proximity to transportation, shopping, social, commercial and recreational facilities, medical services, and such other facilities and services as shall best serve the prospective residents;
(2) Financial feasibility of the Project;
(3) Availability of street, sewer, water, utilities and other public services;
(4) Availability of public and private transportation;
(5) Architectural design, including aesthetic quality, soundness of construction, energy efficiency, and suitability to the needs of the residents to be served;
(6) Compliance with applicable local comprehensive plan and land use regulations;
(7) Market demand;
(8) The financial strength, credit reputation and history of the Eligible Borrower; and
(9) The experience of the developer, contractors, architects, consultants and management agent in developing, constructing and operating housing projects.
Stat. Auth.: ORS 456.555
Stats. Implemented: ORS 456.555 & 456.625
