Oregon Code § 458.310·Enacted ·Last updated March 01, 2026
Statute Text
Housing revitalization program; criteria; rules.
(1) The Housing and Community
Services Department shall adopt rules to develop and administer a housing
revitalization program for low and moderate income housing.
(2) Applicants
for revitalization program funds shall be:
(a) A unit of
local government;
(b) A housing
authority;
(c) A nonprofit
corporation; or
(d) An applicant
eligible under paragraph (a), (b) or (c) of this subsection who contracts with
another entity, including a private for-profit corporation.
(3) Housing
revitalization projects shall bring into use vacant and abandoned property or
rehabilitate substandard property, or both. Eligible project activities
include, but are not limited to:
(a) Purchase of
property;
(b)
Rehabilitation of housing units;
(c) New
construction to replace units for which rehabilitation is infeasible;
(d) Mortgage
interest subsidies or reduction of principal loan amounts; or
(e) Other
activities that have the effect of making properties available to and occupied
by persons of lower income, such as loan guarantees.
(4) Projects
funded by the housing revitalization program shall be rental or owner-occupied
single or multifamily housing.
(5) The housing
rehabilitation program shall create affordable housing in which rent levels are
no higher than 30 percent of 80 percent of median income levels.
(6) Priority
shall be given to projects applied for under subsections (1) to (5) of this
section that provide opportunities for low and moderate income persons to own
their housing units.
(7) Priority
among rental housing projects shall be given to projects applied for under
subsections (1) to (5) of this section that:
(a) Have rent
levels no higher than 30 percent of 50 percent of the median income level, or
less;
(b) Are owned and
operated by a nonprofit or a governmental unit; and
(c) Demonstrate a
coordinated local effort to integrate housing, job placement and social
services.
(8) In
implementing this section and ORS 458.305, the department shall work to ensure
a reasonable geographic distribution of funds among different regions of the
state and shall place special emphasis on ensuring that funds are available to
projects in rural areas. [1989 c.1016 §2; 1995 c.79 §269; 2009 c.11 §64; 2015
c.180 §15; 2023 c.193 §7]
HOUSING PREDEVELOPMENT
COSTS