Oregon Statutes 307.603 – Definitions for ORS 307.600 to 307.637
As used in ORS § 307.600 to 307.637:
Terms Used In Oregon Statutes 307.603
- City: includes any incorporated village or town. See Oregon Statutes 174.100
- Contract: A legal written agreement that becomes binding when signed.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100
(1) ‘Establish’ means, unless the context requires otherwise, making existing multiple-unit housing subject to a low income housing assistance contract.
(2) ‘Lender’ means any person who makes a loan, secured by a recorded mortgage or trust deed, to finance the acquisition, construction, addition or conversion of multiple-unit housing.
(3) ‘Light rail station area’ means an area defined in regional or local transportation plans to be within a one-half mile radius of an existing or planned light rail station.
(4) ‘Low income housing assistance contract’ means an agreement between a public agency and a property owner that results in the production, rehabilitation, establishment or preservation of housing affordable to those with a defined level of household income.
(5) ‘Multiple-unit housing’ means:
(a) Housing that is or becomes subject to a low income housing assistance contract with an agency or subdivision of this state or the United States; or
(b) Newly constructed structures, stories or other additions to existing structures and structures converted in whole or in part from other use to housing that meet the following criteria:
(A) The structure must have a minimum number of dwelling units as specified by the city or county pursuant to ORS § 307.606 (4).
(B) The structure must not be designed or used as transient accommodations, including but not limited to hotels and motels.
(C) The structure must have those design elements benefiting the general public, including any commercial use of a portion of the structure, as specified by the city or county pursuant to ORS § 307.618.
(D) If in a light rail station area or transit oriented area, the structure must:
(i) Be physically or functionally related to a light rail line or mass transportation system; and
(ii) Enhance the effectiveness of a light rail line or mass transportation system.
(6) ‘Transit oriented area’ means an area defined in regional or local transportation plans to be within one-quarter mile of a fixed route transit service. [Formerly 307.605; 2011 c.266 § 1]
[1975 c.428 § 1; 1979 c.425 § 1; 1989 c.1051 § 1; 1995 c.596 § 2; 1999 c.808 § 2; 2003 c.457 § 2; renumbered 307.603 in 2005]