(1) The Oregon Housing Stability Council shall, with respect to the Community Development Incentive Project Fund established under ORS § 458.720:

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

(a) Develop program guidelines, including specific project criteria and financing mechanisms.

(b) Review applications seeking funding from the fund and make recommendations for funding approval.

(c) Review proposals for cooperative agreements or joint projects between the council and other agencies to facilitate the goals of the fund.

(2) Subject to available financing, the council may approve any project that carries out the goals of the fund.

(3) Notwithstanding subsections (1) and (2) of this section, the council may make loans or grants from the Community Development Incentive Project Fund for the purpose of preserving affordable housing. [1999 c.956 § 7; 2009 c.62 § 1; 2015 c.180 § 29]

See note under 458.705.