Or. Admin. R. 813-135-0035

Current through Register Vol. 63, No. 9, September 1, 2024

Section 813-135-0035 - Homeownership Foreclosure Remedies

In order to retain affordability on the maximum number of units on a LIFT homeownership-funded property, OHCS would allow partition of the property in the event of an individual home foreclosure where an eligible home buyer cannot be found to keep the property in compliance with established affordability restrictions.

Or. Admin. R. 813-135-0035

OHCS 17-2022, adopt filed 07/29/2022, effective 7/31/2022; OHCS 29-2023, temporary amend filed 10/31/2023, effective 11/4/2023 through 4/17/2024

Statutory/Other Authority: ORS 456.515 - 456.725

Statutes/Other Implemented: ORS 458.480-458.490