Or. Admin. Code § 813-002-0010
Current through Register Vol. 64, No. 1, January 1, 2025
Section 813-002-0010 - DefinitionsThe following words and terms have the following meanings unless the context would clearly indicate otherwise.
(1) "Applicant" means any sponsor or developer or other entity related to a Project applying for funding from OHCS through the ORCA process or otherwise on behalf of that Project.(2) "ARH" means the Affordable Rental Housing Division within OHCS which provides financial resources to create and preserve quality, affordable rental housing for Oregonians. ARH is also responsible for overseeing long-term property performance and programmatic compliance of OHCS federal and state development investments, permanent supportive housing funding, and the United States Department of Housing and Urban Development's (HUD) rent-assisted portfolio of housing.(3) "Co-Developer" or "Developer" means an organization with a controlling interest in the proposed or funded Project and that is or will be compensated for that controlling interest..(4) "Co-Sponsor or "Sponsor" means an individual, group, or organization that provides resources, support, and leadership to the Project team and generally "owns" the affordable housing development Project.(5) "Developer Consultant" means an individual or entity contracted to provide guidance and support to the Applicant to structure the project, its funding, and/or seeing its through completion.(6) "Funding" means financial support from ARH, including loans, grants, bonds, or other types.(7) "Funding Process" means the method ARH employs to receive prospective project applications in order to distribute Funding for Affordable Rental Housing projects in Oregon. This may include the ORCA or a different Funding Process.(8) "Funding Recipient" means an Applicant that has been awarded Funding for their project.(9) "Oregon Centralized Application" or ("ORCA") means the integrated entry point for an Applicant to request an affordable housing subsidy from ARH. The ORCA process is divided into various steps in which applicants provide increasing levels of information from project concept to commitment.(10) "Project Owner" means the entity that acts as the responsible party for a project once the project has been funded and established.(11) "ARH Predevelopment and Pipeline Technical Advisory" means assistance and guidance provided to Applicants as they engage with the Funding Process and move through the ARH development pipeline.Or. Admin. Code § 813-002-0010
OHCS 13-2024, temporary adopt filed 05/29/2024, effective 5/29/2024 through 11/24/2024; OHCS 37-2024, adopt filed 09/26/2024, effective 10/1/2024Statutory/Other Authority: ORS 456.250 - 456.395, ORS 456.500 - 456.723 & ORS 458.210 - 458.740
Statutes/Other Implemented: ORS 456.250 - 456.395, ORS 456.500 - 456.723 & ORS 458.210 - 458.740