Oregon Administrative Rules|Section 813-027-0040 - Criteria for Funding

                                                
Current through Register Vol. 60, No. 12, December 1, 2021 
As the Department determines funds to be available, moneys from the Manufactured Dwelling Parks Preservation Fund may be awarded based on the following criteria:
 
(1) Funds must be used to purchase a manufactured dwelling park;
 
(2) An applicant is a community organization or tenant group;
 
(3) The park purchase proposal includes a term of at least 20 years of affordability as defined in the application;
 
(4) The park purchase proposal demonstrates ongoing appropriate technical assistance to the park if cooperative owned or owned by a tenant-owned nonprofit organization;
 
(5) A purchase and sale agreement or other similar document demonstrating site control has been signed by both the buyer and seller of the park;
 
(6) The applicant has adequately demonstrated the ability to meet the proposed terms of loan repayment to a lender or to the Department when funding is awarded as a loan;
 
(7) The applicant has adequately demonstrated the park can be operated in a financially feasible manner for at least the term of affordability;
 
(8) The applicant has agreed to operate the park for the duration of the affordability period as specified in the application:
 
(9) The applicant agrees to meet benchmarks for timely closing on funding resources and completion of renovations as provided in the application proposal; and 
 
(10) Any other criteria that the Department or Council determines to be appropriate.
 
Or. Admin. R. 813-027-0040
OHCS 4-2010(Temp), f. & cert. ef. 2-25-10 thru 8-23-10; OHCS 10-2010, f. & cert. ef. 8-23-10
Stat. Auth.: ORS 456.555
 
Stats. Implemented: 2009 OL Ch. 906 Sec. 7