Oregon Statutes 458.220 – Community development corporation grants and assistance; rules
In carrying out the provisions of ORS § 458.215, the Housing and Community Services Department shall provide any or a combination of the following:
Terms Used In Oregon Statutes 458.220
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(1) Initial planning grants to qualified nonprofit community-based organizations, including but not limited to housing authorities and community action agencies, to initiate community development corporations. To qualify under this subsection, an organization shall obtain matching funds or in-kind contributions in an amount determined by rule;
(2) Grants to community development corporations for projects intended to extend the capacity of the corporation to meet the housing needs of the service area;
(3) Grants to community development corporations for projects that combine community-based social service programs with related jobs for low and moderate income persons to promote community economic revitalization; and
(4) Technical assistance to community-based organizations, developing community development corporations and existing community development corporations to carry out the provisions of ORS § 456.550 and 458.210 to 458.240. For purposes of ORS § 456.550 and 458.210 to 458.240, technical assistance includes but is not limited to training and assisting community development corporations with:
(a) Conducting needs assessments;
(b) Training boards of directors;
(c) Recruiting project development teams;
(d) Determining and applying for available assistance;
(e) Conducting feasibility studies;
(f) Financial planning;
(g) Preparing project budgets;
(h) Proposal writing and project packaging;
(i) Organizational structure and design;
(j) Generating local support; and
(k) Obtaining legal and accounting advice. [1989 c.1030 § 3; 1991 c.907 § 2; 1993 c.794 § 2]