OAR 813-385-0005: Purpose and Objectives

(1) OAR Chapter 813, Division 385 establishes the rules and guidelines for funding available through the General Housing Account established by ORS 458.620 for the establishment of the Permanent Supportive Housing (PSH) Risk Mitigation Pool (RMP) designed to help partners operating properties with PSH units offset high operating costs. (2) The Department shall administer the RMP to provide funding to reimburse eligible project owners for physical damage repairs beyond normal wear and tear and supplementing increased operating costs. The RMP is intended to help decrease insurance claims made by PSH partners, provide increased financial stability for PSH partners, and limit property exposure to these unanticipated financial risks.