OAR 813-041-0020: Standby Applications

(1) Qualifying applications not selected for a reservation of AWHTC Program credits in a particular year because the amount of available AWHTC Program credits has already been allocated will be put on a standby list for a potential allocation if any previously allocated AWHTC Program credits become available. (2) If an application is declined by OHCS as not qualifying for further evaluation solely because the estimated eligible costs, when aggregated with the estimated eligible costs of all projects approved to that date for the calendar year, exceed the limitation on the total of estimated eligible costs under ORS 315.167, the applicant may: (a) Request a reduction of the estimated eligible costs for the project to an amount that, when aggregated with the estimated eligible costs of all projects approved to that date for the calendar year, would not exceed the limitation; or (b) Request that OHCS place the taxpayer on a standby list for future possible eligibility. (3) Applications on a standby list under this rule will be held in such priority as OHCS determines to be appropriate considering factors including, but not limited to those listed in OAR 813-041-0015, above. (4) OHCS may, at its discretion, select and process a standby application whenever OHCS determines that AWHTC Program credits are available for funding the application. The applicant may update the application as needed within the time provided by OHCS. (5) All outstanding standby applications expire on December 31 of the calendar year of their filing.