OAR 813-380-0010: Definitions

All terms used in OAR chapter 813, division 380 may be defined in Oregon Revised Statute (ORS), or in the Oregon Housing and Community Services (OHCS) General Definitions (OAR 813-005-0005), or herein. As used in these rules, unless the context indicates otherwise: (1) "Applicant" means the development sponsor seeking Department financing for an affordable housing project. (2) "Department" means the Oregon Housing and Community Services Department. (3) "Applicable fraction" means the fraction, either “Unit fraction” or “Floor space fraction," utilized in the Department's allocation of cost sharing in mixed income housing projects financed by the Department. (4) "Unit fraction" means the fraction including the numerator, which is the number of rent-restricted units in the building, and the denominator, which is the total number of residential rental units in the building. (5) "Floor space fraction" means the fraction including the numerator, which is the total floor space of the rent-restricted units in the building, and the denominator, which is the total floor space of all residential rental units. Floor space includes the entire footprint of the unit, including closets within the unit and balconies attached to the unit for the sole use of the tenants occupying the unit. (6) "Mixed income housing project" means a development that is comprised of housing units with differing levels of affordability, typically with some market-rate housing and some housing that is available to low-income occupants below market-rate. (7) "Shared costs" means overhead or project costs that, by their nature, support the entire project rather than specific units. These could include, but are not limited to, roof, parking, or infrastructure costs.