Section 308.701 - Definitions for ORS 308.701 to 308.724 As used in ORS 308.701 to 308.724:
(1) "Government restriction on use" means a restriction that limits the use of multiunit rental housing to qualified income rental housing in order to receive a government incentive, including but not limited to the following government incentives: (a) A low income housing tax credit under section 42 of the Internal Revenue Code;(b) Financing derived from exempt facility bonds for qualified residential rental projects under section 142 of the Internal Revenue Code;(c) A low interest loan under section 235 or 236 of the National Housing Act (12 U.S.C. 1715z or 1715z-1) or under 42 U.S.C. 1485;(d) A government rent subsidy; and(e) A government guaranteed loan.(2) "Multiunit rental housing": (a) Means residential property consisting of four or more dwelling units; and(b) Does not include assisted living facilities.