OAR 813-044-0055: Use of Grant Funds

An organization that receives a grant under the Home Ownership Assistance Program: (1) Is subject to the condition that the organization continues to use the grant for the specific purpose, for the duration, and to the extent authorized by the grant application and agreement; (2) May provide in its agreements with homeowners that when a homeowner sells the home, for which the organization’s assistance was furnished, the organization may recapture some or all of the assistance from proceeds of the sale; (3) Must redeploy funds recaptured under this rule to furnish further assistance to eligible homebuyers or homeowners within the associated HOAP program. (4) May be required by OHCS to repay all or part of the grant if the organization does not perform or expend all or part of the required Scope of Work as described in the agreement.