Oregon Statutes 458.515 – Oregon Housing Stability Council to advise and assist department regarding low income home energy assistance
The Oregon Housing Stability Council, in conjunction with the Community Action Partnership of Oregon, shall advise and assist the Housing and Community Services Department with rules, policies and programs regarding low income home energy assistance provided for under ORS § 458.510. [Formerly 184.804; 1997 c.249 § 158; 2007 c.70 § 265; 2011 c.566 § 1; 2015 c.180 § 18]
Terms Used In Oregon Statutes 458.515
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Sections 44 to 46, chapter 223, Oregon Laws 2023, provide:
Section 45 of this 2023 Act is added to and made a part of ORS Chapter 458. [2023 c.223 § 44]
(1) The Housing and Community Services Department shall provide grants to one or more nonprofit corporations to develop a fund.
(2) The moneys in the fund may be used only to guarantee the repayment of loans to finance the construction of housing subject to an affordable housing covenant for low or moderate income households, as described in ORS § 456.270 to 456.295 and as further defined by the Housing and Community Services Department by rule.
(3) The term of a loan guaranteed under this section may not exceed five years.
(4) The department and the state are not guarantors of any loan guaranteed by a nonprofit corporation under this section.
(5) To be eligible for a grant under this section, a nonprofit corporation must:
(a) Be exempt from income taxes under section 501(c)(3) or (4) of the Internal Revenue Code; and
(b) Demonstrate to the satisfaction of the department that the corporation is a community development financial institution that operates statewide to support investment in the construction of affordable housing. [2023 c.223 § 45]
Section 45 of this 2023 Act is repealed on January 2, 2026. [2023 c.223 § 46]
HUNGER AND HOMELESSNESS