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Current through Register Vol. 60, No. 12, December 1, 2021
An organization that receives a grant under the Home Ownership Assistance Program:
(1) Is subject to the condition that the organization continues to use the grant for the specific purpose, for the duration, and to the extent authorized by the grant application and agreement;
(2) May provide in its agreements with homeowners that when a homeowner sells the home, for which the organization's assistance was furnished, the organization may recapture some or all of the assistance from proceeds of the sale;
(3) Must use funds recaptured under section (2) of this rule to furnish further down payment assistance under the program; and
(4) May be required by OHCS to repay all or part of the grant if the organization does not perform or expend all or part of the required Scope of Work as described in the agreement.
Or. Admin. R. 813-044-0055
OHCS 9-2011(Temp), f. & cert. ef. 9-30-11 thru 3-27-12; OHCS 2-2012, f. & cert. ef. 3-27-12; OHCS 41-2019, amend filed 12/30/2019, effective 12/30/2019
Statutory/Other Authority: ORS 456.555
Statutes/Other Implemented: ORS 458.620 & 458.655
This section was updated on 1/13/2020 by overlay.
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