Notice of Proposed Rulemaking: Construction Loan Guarantee Program
Oregon Housing and Community Services (OHCS) is hosting a public hearing for adopting administrative rules for the agency within Oregon Administrative Rules (OAR) Chapter 813 for the Construction Loan Guarantee Program. During this virtual meeting, the Hearing Officer will review the drafted rules and provide an opportunity for public comment and feedback.
Date: Nov. 19, 2024
Address: Virtual Zoom meeting
Phone number: 503-986-6796
Time: 10 to 10:30 a.m.
Hearing officer: Mitch Hanoosh
Accessibility Note: A request for an interpreter for hard of hearing or for other accommodations for persons with disabilities should be made at least 72 hours before the meeting. Please contact Administrative Services at 503-986-2000, or email HCS.AdminServices@oregon.gov to make your request or the Hearing Officer listed in this Rule Notice.
Rules proposed: 813-405-0005, 813-405-0010, 813-405-0015, 813-405-0020, 813-405-0025, 813-405-0030, 813-405-0035, 813405-0040
Rules adopted: 813-405-0005
Program: Construction Loan Guarantee Program
Caption: To create rules governing the award and subsequent administration of the Construction Loan Guarantee Program.
Summary: House Bill 3395 from the 2023 Oregon Legislative Session instructed OHCS to award funding to one or more Community Development Financial Institutions (CDFIs) to implement and administer a Loan Guarantee Program for construction loans. OHCS is making these rules to govern the award process by which the CDFI is selected and the agency and the state requirements by which the awardee must use the funding they’ve been awarded.
Statutory/Other Authority: HB 3395 (2023)
Statutes/Other Implemented: HB 3395 (2023), ORS 456.270 – 456.295, ORS 458.610
Related Documents: House Bill 3395 (2023); OHCS Construction Loan Guarantee Framework approved by the Housing Stability Council on May 3, 2024.
Notice of Proposed Rulemaking Hearing (attachment)
Public Comment: OHCS requests public comment on whether other options should be considered for achieving the rule’s substantive goals while reducing negative economic impact of the rule on business. Persons interested in providing oral or written comments may submit them by contacting Glenn Muna at glenn.muna@hcs.oregon.gov.
Last day and time to offer comment to the agency is Nov. 22, 2024 at 5 p.m. PST.
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Notice of Proposed Rulemaking: Predevelopment Loan Program
OHCS is hosting a public hearing for changing administrative rules for the agency within Oregon Administrative Rules (OAR) Chapter 813 for the Predevelopment Loan Program. During this virtual meeting, the Hearing Officer will review the drafted rule changes and provide an opportunity for public comment and feedback.
Date: Nov. 19, 2024
Address: Virtual Zoom meeting
Phone number: 503-986-6796
Time: 10 to 10:30 a.m.
Hearing officer: Mitch Hanoosh
Accessibility Note: A request for an interpreter for hard of hearing or for other accommodations for persons with disabilities should be made at least 72 hours prior to the meeting. Please contact Administrative Services at 503-986-2000, or email HCS.AdminServices@oregon.gov to make your request or the Hearing Officer listed in this Rule Notice.
Rules proposed: 813-038-0005, 813-038-0010, 813-038-0015, 813-038-0020, 813-038-0025, 813-038-0030, 813-038-0035, 813038-0040
Rules amended: 813-038-0005
Program: Predevelopment Loan Program
Caption: Updating the defunct Predevelopment Program rules to match requirements given in the 2023 Legislative Session.
Summary: OHCS was provided direction from the legislature to stand up a revolving Predevelopment Loan Program. OHCS is updating an existing division of OARs that were for a defunct Predevelopment Program to reflect this direction from the legislature and the frameworks that have been approved by the Housing Stability Council.
Statutory/Other Authority: ORS Ch. 183, 456.555(2), 456.625(12)
Statutes/Other Implemented: ORS 456.561, 456.574, 456.620, 456.625
Related Documents: Governor’s Executive Order 23-04; SB 5511
Notice of Proposed Rulemaking Hearing (attachment)
Public Comment: OHCS requests public comment on whether other options should be considered for achieving the rule’s substantive goals while reducing negative economic impact of the rule on business. Persons interested in providing oral or written comments may submit them by contacting Glenn Muna at glenn.muna@hcs.oregon.gov.
Last day and time to offer comment to the agency is Nov. 22, 2024 at 5 p.m. PST.
