Statute Text
Powers
of housing authority as public corporation.
A housing authority shall constitute a public body
corporate and politic, exercising public and essential governmental functions,
and having all the powers necessary or convenient to carry out and effectuate
the purposes of the Housing Authorities Law. These powers shall be vested in
the commissioners of the authority and shall include the following in addition
to others granted in the Housing Authorities Law:
(1) To sue and be
sued.
(2) To have a
seal and to alter the same at pleasure.
(3) To have
perpetual succession.
(4) To make and
execute contracts and other instruments necessary or convenient to the exercise
of the powers of the authority.
(5) To make and
from time to time amend and repeal bylaws, rules and regulations, not
inconsistent with the Housing Authorities Law, to carry into effect the powers
and purposes of the authority.
(6) To arrange or
contract for the furnishing by any person or agency, public or private, of
services, privileges, works or facilities for, or in connection with, a housing
project or the occupants thereof.
(7)
Notwithstanding any laws to the contrary, to include in any contract let in
connection with a project, stipulations requiring that the contractor and any
subcontractors comply with requirements as to minimum wages and maximum hours
of labor, and comply with any conditions which the federal government attaches
to its financial aid of the project.
(8) To lease or
rent any housing, lands, buildings, structures or facilities embraced in any
housing project and, subject to the limitations of the Housing Authorities Law,
to establish and revise the rents or charges therefor.
(9) To own, hold
and improve real or personal property.
(10) To purchase,
buy on contract, exchange, lease, lease back, obtain options upon, acquire by
gift, grant, bequest, devise or otherwise any real or personal property or any
interest therein and to give its mortgage or trust deed covering any real property
or security agreement covering any personal property or any interest in either.
(11) To sell,
mortgage, lease, rent, exchange, transfer, assign, pledge or otherwise dispose
of any real or personal property or any interest therein.
(12) To insure or
provide for the insurance of any real or personal property or operations of the
authority against any risks or hazards.
(13) To procure
insurance or guarantees from the federal government of the payment of any debts
or parts thereof, whether or not incurred by said authority, secured by
mortgages on any property included in any of its housing projects.
(14) To invest
any funds held in reserves or sinking funds, or any funds not required for
immediate disbursement, in property or any investment in which an Oregon city
may legally invest surplus funds, and, in addition, to invest bond proceeds and
amounts held in bond payment, reserve and proceeds accounts in investment
agreements that:
(a) Produce a
guaranteed rate of return;
(b) Are fully
collateralized by direct obligations of, or obligations guaranteed by, the
United States; and
(c) Require that
the collateral be held by the authority, an agent of the authority or a
third-party safekeeping agent.
(15) To purchase
its bonds at a price not more than the principal amount thereof and accrued
interest, all bonds so purchased to be canceled.
(16) To exercise
all or any part or combination of powers granted in the Housing Authorities
Law.
(17) To borrow
money pursuant to ORS 456.055 to 456.235 or as otherwise allowed and accept
advances, loans or grants or any other form of financial assistance or any
combination of these forms of assistance from the federal government, state,
county or other public body, or from any sources, public or private, for the
purpose of undertaking and carrying out housing projects.
(18) To enter in
a partnership agreement with or loan money to an individual, partnership,
corporation or other association to finance, plan, undertake, construct,
acquire, manage or operate a housing project.
(19) To finance,
develop, own, operate or manage a mixed income housing project.
(20) To form,
finance and have a nonstock interest in, and to manage or operate,
partnerships, nonprofit corporations and limited liability companies in order
to further the purposes of the housing authority. [Amended by 1987 c.821 §2;
1989 c.874 §3; 1991 c.600 §1; 1995 c.79 §237; 1995 c.445 §6; 1995 c.483 §2;
2007 c.606 §8; 2025 c.537 §7]