OAR 836-200-0720: Prioritization of Payments

In allocating funds, the department shall prioritize payment to eligible applicants based upon: (1) Applicants experiencing severe financial distress, as evidenced by factors including but not limited to: (a) Insurance costs that are more than 20 percent of non-staff operating costs; (b) Operating reserves that are below three months of routine operations; (c) Loans or mortgages for eligible property that are in arrears or forbearance; (d) Insufficient cash flows to meet immediate operating needs and showing a negative cash flow trend; (e) Increasing month-over-month accounts payable balances and/or accounts payable balances that are past due with an adverse trend in account balance aging; (f) Properties foregoing required maintenance expenditures necessary to maintain a property in livable conditions; (g) Depleted operating accounts and/or reserve funds accounts; or (h) Verifiable annual net operating losses. (2) Properties with the highest risk of default on must-pay debt service obligations. (3) Eligible properties providing more than 15 percent of the beds in their HB 3644 shelter region or more than five percent of their county’s total permanent supportive housing units.