Or. Admin. R. 813-090-0015

Current through Register Vol. 63, No. 6, June 1, 2024

Section 813-090-0015 - Qualified Allocation Plan; Allocation of Credit Authority

(1) The 2022 Qualified Allocation Plan (referred to hereafter as QAP) with the requirements and standards therein, dated November January 31, 2022, is incorporated into and adopted as part of this division of administrative rules, by reference.

(2) The 2022 QAP may be accessed online at OHCS' website.

(3) OHCS, as the authorized state housing credit agency, develops and maintains a Qualified Allocation Plan for the allocation of both, or 4%, and, or 9%, LIHTC.

(4) OHCS may, to the extent of its credit authority, allocate LIHTCs pursuant to the current QAP approved by executive order and then in effect.

(5) OHCS will allocate the LIHTCs in compliance with the program requirements. Applications will be solicited during specified periods within OHCS' Notice of Funding Availability. OHCS can also select from a pool of qualified applicants, or such other process as OHCS deems appropriate.

(6) OHCS shall maintain a record of allocations and the balance of credit authority remaining for each calendar year.

Or. Admin. R. 813-090-0015

HSG 13-1987(Temp), f. & ef. 9-28-87; HSG 1-1988, f. & cert. ef. 3-8-88; HSG 3-1989(Temp), f. & cert. ef. 6-8-89; HSG 18-1989, f. & cert. ef. 11-3-89; HSG 12-1990(Temp), f. & cert. ef. 5-29-90; HSG 14-1990, f. & cert. ef. 10-26-90; HSG 2-1991(Temp), f. & cert. ef. 8-7-91; HSG 7-1991, f. & cert. ef. 12-19-91; OHCS 10-2013(Temp), f. & cert. ef. 6-21-13 thru 12-18-13; Reverted to HSG 7-1991, f. & cert. ef. 12-19-91; OHCS 27-2014(Temp), f. & cert. ef. 6-5-14 thru 12-2-14; OHCS 38-2014, f. & cert. ef. 12/2/2014; OHCS 3-2020, amend filed 02/27/2020, effective 2/27/2020; OHCS 2-2021, temporary amend filed 01/25/2021, effective 01/25/2021 through 7/19/2021; OHCS 2-2022, temporary amend filed 02/11/2022, effective 02/11/2022 through 8/9/2022; OHCS 19-2022, amend filed 08/09/2022, effective 8/12/2022

Publications: The publication(s) referred to or incorporated by reference in this rule are available from the agency.

Statutory/Other Authority: ORS 456.515-456.720

Statutes/Other Implemented: ORS 456.508, 456.510, 456.513, 456.559, 456.605, 456.626, 456.722 & 26 U.S.C. § 42