OAR 813-027-0040: Criteria for Funding

As the Department determines funds to be available, moneys from the Manufactured Dwelling Parks Preservation Fund may be awarded based on the following criteria: (1) Funds must be used to purchase a manufactured dwelling park; (2) An applicant is a community organization or tenant group; (3) The park purchase proposal includes a term of at least 20 years of affordability as defined in the application; (4) The park purchase proposal demonstrates ongoing appropriate technical assistance to the park if cooperative owned or owned by a tenant-owned nonprofit organization; (5) A purchase and sale agreement or other similar document demonstrating site control has been signed by both the buyer and seller of the park; (6) The applicant has adequately demonstrated the ability to meet the proposed terms of loan repayment to a lender or to the Department when funding is awarded as a loan; (7) The applicant has adequately demonstrated the park can be operated in a financially feasible manner for at least the term of affordability; (8) The applicant has agreed to operate the park for the duration of the affordability period as specified in the application: (9) The applicant agrees to meet benchmarks for timely closing on funding resources and completion of renovations as provided in the application proposal; and (10) Any other criteria that the Department or Council determines to be appropriate.