ORS 456.575: Lottery bonds authorization for affordable housing.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
(1) Pursuant to ORS 286A.560 to 286A.585, at the request of the Oregon Department of Administrative Services, after the department consults with the Housing and Community Services Department, the State Treasurer is authorized to issue lottery bonds for the Housing and Community Services Department to provide financial assistance to aid in the acquisition, stabilization, renovation or maintenance of properties with project-based federal rental assistance contracts, public housing undergoing significant recapitalization or publicly supported housing as defined in ORS 456.766, or to preserve the affordability of manufactured dwelling parks. (2) The use of lottery bond proceeds is authorized based on the following findings: (a) Individuals who are at risk of homelessness or who otherwise pay a disproportionate share of income for housing increase their potential for self-sufficiency, and use proportionately fewer community-funded resources when they are provided a stable housing environment. (b) Having housing for at-risk populations is essential to Oregon’s healthy economic growth. (3) The aggregate principal amount of lottery bonds issued pursuant to subsection (1) of this section may not exceed the amount of $161,301,718 plus an additional amount estimated by the State Treasurer to be necessary to pay bond-related costs as defined in ORS 286A.560. [2009 c.906 §4; 2011 c.624 §3; 2013 c.786 §19; 2014 c.121 §15; 2015 c.812 §37; 2016 c.66 §4; 2017 c.748 §7; 2019 c.671 §7; 2021 c.682 §4; 2023 c.599 §9; 2025 c.633 §5]
Official history and status
History: Note: 456.575 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 456 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
Administrative rules citing this section
- OAR 813-002-0005: Temporary rule language in effect until 01/08/2027. Purpose and Objectives — authority
- OAR 813-002-0010: Definitions — implements
- OAR 813-002-0010: Definitions — authority
- OAR 813-002-0025: Funding Applications — implements
- OAR 813-002-0025: Funding Applications — authority
- OAR 813-002-0030: Technical Advisory — implements
- OAR 813-002-0030: Technical Advisory — authority
- OAR 813-002-0045: Protests and Judicial Review of Funding Decisions — implements
- OAR 813-002-0045: Protests and Judicial Review of Funding Decisions — authority
- OAR 813-002-0055: Fees and Charges — implements
- OAR 813-002-0055: Fees and Charges — authority
- OAR 813-005-0005: General Definitions — implements
- OAR 813-005-0005: General Definitions — authority
- OAR 813-005-0025: Protest Process — implements
- OAR 813-010-0021: Form of Loan Assistance — implements
- OAR 813-010-0720: Disposal of Department-Owned Projects — authority
- OAR 813-010-0740: Waiver — authority
- OAR 813-012-0180: Temporarily suspended until 01/08/2027. This rule language is not currently in effect. Waiver — authority
- OAR 813-015-0001: General Purpose — implements
- OAR 813-015-0001: General Purpose — authority
- OAR 813-015-0006: Definitions — implements
- OAR 813-015-0006: Definitions — authority
- OAR 813-015-0011: Eligibility for Funding — implements
- OAR 813-015-0011: Eligibility for Funding — authority
- OAR 813-015-0016: Availability and Source of Funds — implements
- OAR 813-015-0016: Availability and Source of Funds — authority
- OAR 813-015-0021: Program Loan Terms — implements
- OAR 813-015-0021: Program Loan Terms — authority
- OAR 813-015-0026: Loan Security — implements
- OAR 813-015-0026: Loan Security — authority
- OAR 813-015-0031: Application Requirements — implements
- OAR 813-015-0031: Application Requirements — authority
- OAR 813-015-0035: Application Review and Processing Procedures — implements
- OAR 813-015-0035: Application Review and Processing Procedures — authority
- OAR 813-015-0040: Transfer of Ownership — implements
- OAR 813-015-0040: Transfer of Ownership — authority
- OAR 813-015-0045: Equal Opportunity — implements
- OAR 813-015-0045: Equal Opportunity — authority
- OAR 813-015-0050: Waiver — implements
- OAR 813-015-0050: Waiver — authority
- OAR 813-030-0014: Temporary rule language in effect until 01/08/2027. Elderly and Disabled Housing Designation — implements
- OAR 813-030-0020: Temporarily suspended until 01/08/2027. This rule language is not currently in effect. Form of Loan Assistance — implements
- OAR 813-030-0025: Temporary rule language in effect until 01/08/2027. Loan Security — implements
- OAR 813-030-0032: Temporarily suspended until 01/08/2027. This rule language is not currently in effect. Manufactured Dwelling Park Projects — implements
- OAR 813-030-0035: Temporary rule language in effect until 01/08/2027. Approved Housing Borrowers — implements
- OAR 813-030-0040: Temporarily suspended until 01/08/2027. This rule language is not currently in effect. Processing Procedures — implements
- OAR 813-030-0044: Temporarily suspended until 01/08/2027. This rule language is not currently in effect. Loan Closing — implements
- OAR 813-030-0066: Temporarily suspended until 01/08/2027. This rule language is not currently in effect. Transfer of Ownership — implements
- OAR 813-030-0068: Temporary rule language in effect until 01/08/2027. Disposal of Department-Owned Projects — implements
- OAR 813-030-0070: Temporarily suspended until 01/08/2027. This rule language is not currently in effect. Waiver — authority
- OAR 813-035-0021: Financing Commitments and Charges — implements
- OAR 813-035-0070: Waiver — authority
- OAR 813-042-0000: Purpose and Objectives — authority
- OAR 813-042-0010: Definitions — authority
- OAR 813-042-0020: Eligibility for Housing Development Grant Program Funds — authority
- OAR 813-042-0030: Distribution of Funds — authority
- OAR 813-042-0040: Application Procedure and Requirements — authority
- OAR 813-042-0050: Criteria for Funding — authority
- OAR 813-042-0060: Application Review — authority
- OAR 813-042-0070: Charges — authority
- OAR 813-042-0080: General Administrative and Monitoring Requirements — authority
- OAR 813-042-0090: Remedies for Noncompliance — authority
- OAR 813-042-0100: Sanctions — authority
- OAR 813-042-0110: Waiver — authority
- OAR 813-045-0005: General Purpose — implements
- OAR 813-045-0010: Definitions — implements
- OAR 813-045-0015: Eligibility for Housing Development Account Funds — implements
- OAR 813-045-0020: Application Procedure — implements
- OAR 813-045-0025: Application Review — implements
- OAR 813-045-0030: Form of Assistance — implements
- OAR 813-045-0035: Waiver for Other Sources — implements
- OAR 813-055-0040: Application Procedure and Requirements — implements
- OAR 813-055-0085: Charges — implements
- OAR 813-060-0036: Temporarily suspended until 01/08/2027. This rule language is not currently in effect. Interim Loans — implements
- OAR 813-060-0070: Waiver — authority
- OAR 813-080-0005: Purpose and Objectives — authority
- OAR 813-080-0030: Allocation of Mortgage Credit Certificates — authority
- OAR 813-090-0015: Qualified Allocation Plan; Allocation of Credit Authority — authority
- OAR 813-090-0031: Application Requests and Charges — authority
- OAR 813-090-0036: Procedures for Allocation of Low-Income Housing Tax Credit (the “Carryover Allocation”) — authority
- OAR 813-090-0039: Reservation and Extended Use Agreement; Low-Income Commitment — authority
- OAR 813-090-0065: Representations — authority
- OAR 813-110-0011: Oregon Affordable Housing Tax Credit Manual — authority
- OAR 813-110-0013: Loan Requirements — authority
- OAR 813-110-0015: Application Requirements — authority
- OAR 813-110-0020: Application Review — authority
- OAR 813-110-0021: Reservation in Lieu of Certification — authority
- OAR 813-110-0022: Set-Aside — authority
- OAR 813-110-0025: Certification of Eligible Projects — authority
- OAR 813-110-0026: Reservations, Certifications and Other Commitments Subject to Housing Stability Council Approval — authority
- OAR 813-110-0027: Certification Request by Lending Institution — authority
- OAR 813-110-0029: Supplemental Application Charge — authority
- OAR 813-110-0030: Monitoring and Reporting Requirements — authority
- OAR 813-110-0031: Charges — authority
- OAR 813-110-0035: Community Rehabilitation Project Certification — authority
- OAR 813-110-0037: Use of Project; Transfer of Title — authority
- OAR 813-110-0050: Waiver — authority
- OAR 813-135-0010: Purpose — authority
- OAR 813-135-0020: Definitions — authority
- OAR 813-135-0025: Local Innovation and Fast Track Homeownership Program Manual — authority
- OAR 813-135-0026: Local Innovation and Fast Track Rental Program Manual — authority
- OAR 813-135-0030: Eligibility — authority
- OAR 813-135-0040: Allocation of Bond Proceeds — authority
- OAR 813-135-0050: Application Requests and Charges — authority
- OAR 813-206-0050: Fund Uses — authority
- OAR 813-206-0060: General Administrative and Monitoring Requirements — authority
- OAR 813-261-0000: Purpose and Objectives — implements
- OAR 813-261-0010: Definitions — implements
- OAR 813-261-0020: Program Guidance — implements
- OAR 813-261-0030: Administration — implements
- OAR 813-261-0040: Use of Funds — implements
- OAR 813-350-0010: Definitions — implements
- OAR 813-350-0020: Source of Guarantee Funding — implements
- OAR 813-350-0030: Eligibility for Guarantees — implements
- OAR 813-350-0040: Application Procedure and Requirements — implements
- OAR 813-350-0050: Criteria for Guarantees — implements
- OAR 813-350-0060: Fees — implements
- OAR 813-350-0070: Waiver — implements
This rule cites
- ORS 456.766 — resolved
Cited by
No inbound citations found.
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors456.html