Oregon Code § 458.620·Enacted ·Last updated March 01, 2026
Statute Text
Oregon
Housing Fund; subaccounts.
(1) There is created, separate and distinct from the General Fund of the State
Treasury, the Oregon Housing Fund, which consists of five separate revolving
accounts:
(a) The Housing
Development and Guarantee Account;
(b) The Emergency
Housing Account;
(c) The Home
Ownership Assistance Account;
(d) The
Agricultural Worker Housing Development Account; and
(e) The General
Housing Account.
(2) Earnings on
investment of moneys in:
(a) The Housing
Development and Guarantee Account accrue to that account.
(b) The Emergency
Housing Account accrue to that account.
(c) The Home
Ownership Assistance Account accrue to that account.
(d) The
Agricultural Worker Housing Development Account accrue to that account.
(e) The General
Housing Account accrue to that account.
(3)(a) Moneys in
the Housing Development and Guarantee Account are continuously appropriated to
the Housing and Community Services Department to carry out the provisions of
ORS 458.630.
(b) Moneys in the
Emergency Housing Account are continuously appropriated to the department to
carry out the provisions of ORS 458.650.
(c) Moneys in the
Home Ownership Assistance Account are continuously appropriated to the
department to carry out the provisions of ORS 458.655.
(d) Moneys in the
Agricultural Worker Housing Development Account are continuously appropriated
to the department to carry out the provisions of ORS 458.660.
(e) Moneys in the
General Housing Account are continuously appropriated to the department to
carry out the provisions of ORS 456.515 to 456.828.
(4) Individuals
and corporations, both for profit or nonprofit, may make monetary contributions
to be credited to:
(a) The Housing
Development and Guarantee Account; or
(b) The General
Housing Account. [1991 c.740 §§3,8; 1995 c.174 §1; 2001 c.310 §§2,3; 2009 c.18 §8;
2015 c.737 §2; 2019 c.576 §4; 2020 s.s.2 c.10 §39; 2021 c.525 §§23,24]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 458.620
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
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