ORS tit. 36A, ch. 456, HOUSING AND COMMUNITY SERVICES DEPARTMENT, ADMINISTRATION, TEMPORARY PROVISIONS RELATING to AFFORDABLE HOUSING ARE COMPILED AS NOTES FOLLOWING ORS 456.574
ORS tit. 36A, ch. 456, HOUSING AND COMMUNITY SERVICES DEPARTMENT, ADMINISTRATION, TEMPORARY PROVISIONS RELATING to AFFORDABLE HOUSING ARE COMPILED AS NOTES FOLLOWING ORS 456.574
Section 4, chapter 906, Oregon Laws 2009, provides:
Sec. 4. Lottery bonds supporting affordable housing. (1) Pursuant to ORS 286A.560 to 286A.585, at the request of the Oregon Department of Administrative Services, after the department consults with the Housing and Community Services Department, the State Treasurer is authorized to issue lottery bonds for the Housing and Community Services Department to provide financial assistance to aid in the acquisition, renovation or maintenance of properties with project-based federal rental assistance contracts, public housing undergoing significant recapitalization or publicly supported housing as defined in ORS 456.250, or to preserve the affordability of manufactured dwelling parks.
(2) The use of lottery bond proceeds is authorized based on the following findings:
(a) Individuals who are at risk of homelessness or who otherwise pay a disproportionate share of income for housing increase their potential for self-sufficiency, and use proportionately fewer community-funded resources when they are provided a stable housing environment.
(b) Having housing for at-risk populations is essential to Oregon's healthy economic growth.
(3) The aggregate principal amount of lottery bonds issued pursuant to subsection (1) of this section may not exceed the amount of $108,801,718 plus an additional amount estimated by the State Treasurer to be necessary to pay bond-related costs as defined in ORS 286A.560. [2009 c. 906, § 4; 2011 c. 624, § 3; 2013 c. 786, § 19; 2014 c. 121, § 15; 2015 c. 812, § 37; 2016 c. 66, § 4; 2017 c. 748, § 7; 2019 c. 671, § 7; 2021 c. 682, § 4; 2023 c. 599, § 9]
Section 9, chapter 671, Oregon Laws 2019, provides:
Sec. 9. Housing Acquisition Fund. (1) The Housing Acquisition Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Housing Acquisition Fund must be credited to the fund. The Housing Acquisition Fund consists of moneys appropriated, allocated, deposited or transferred to the fund by the Legislative Assembly or otherwise and interest earned on moneys in the fund.
(2) Moneys in the fund are continuously appropriated to the Housing and Community Services Department to provide funding for loans to purchasers of land for affordable housing and naturally occurring affordable housing. [2019 c. 671, § 9; 2021 c. 678, § 16]