ORS 458.620: Oregon Housing Fund; subaccounts.

Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07

(1) There is created, separate and distinct from the General Fund of the State Treasury, the Oregon Housing Fund, which consists of five separate revolving accounts: (a) The Housing Development and Guarantee Account; (b) The Emergency Housing Account; (c) The Home Ownership Assistance Account; (d) The Agricultural Worker Housing Development Account; and (e) The General Housing Account. (2) Earnings on investment of moneys in: (a) The Housing Development and Guarantee Account accrue to that account. (b) The Emergency Housing Account accrue to that account. (c) The Home Ownership Assistance Account accrue to that account. (d) The Agricultural Worker Housing Development Account accrue to that account. (e) The General Housing Account accrue to that account. (3)(a) Moneys in the Housing Development and Guarantee Account are continuously appropriated to the Housing and Community Services Department to carry out the provisions of ORS 458.630. (b) Moneys in the Emergency Housing Account are continuously appropriated to the department to carry out the provisions of ORS 458.650. (c) Moneys in the Home Ownership Assistance Account are continuously appropriated to the department to carry out the provisions of ORS 458.655. (d) Moneys in the Agricultural Worker Housing Development Account are continuously appropriated to the department to carry out the provisions of ORS 458.660. (e) Moneys in the General Housing Account are continuously appropriated to the department to carry out the provisions of ORS 456.515 to 456.828. (4) Individuals and corporations, both for profit or nonprofit, may make monetary contributions to be credited to: (a) The Housing Development and Guarantee Account; or (b) The General Housing Account. [1991 c.740 §§3,8; 1995 c.174 §1; 2001 c.310 §§2,3; 2009 c.18 §8; 2015 c.737 §2; 2019 c.576 §4; 2020 s.s.2 c.10 §39; 2021 c.525 §§23,24]

Administrative rules citing this section

OAR 813-002-0005: Temporary rule language in effect until 01/08/2027. Purpose and Objectives — implements
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 813-030-0034: Temporary rule language in effect until 01/08/2027. Funding Availability — implements
OAR 813-030-0034: Temporary rule language in effect until 01/08/2027. Funding Availability — authority
OAR 813-043-0000: Purpose and Objectives — authority
OAR 813-043-0010: Definitions — authority
OAR 813-043-0020: Eligibility for Loan Guarantee Program Fund — authority
OAR 813-043-0030: Distribution of Funds — implements
OAR 813-043-0030: Distribution of Funds — authority
OAR 813-043-0040: Application Procedure and Requirements — authority
OAR 813-043-0050: Terms of Guarantee — implements
OAR 813-043-0050: Terms of Guarantee — authority
OAR 813-043-0060: Charges and Compliance Monitoring — implements
OAR 813-043-0060: Charges and Compliance Monitoring — authority
OAR 813-044-0000: Purpose and Objectives — implements
OAR 813-044-0005: Definitions — implements
OAR 813-044-0030: Distribution of Funds — implements
OAR 813-044-0040: Application Procedure and Requirements — implements
OAR 813-044-0045: Purposes for Funding — implements
OAR 813-044-0050: Criteria for Funding — implements
OAR 813-044-0055: Use of Grant Funds — implements
OAR 813-046-0000: Purpose and Objectives — implements
OAR 813-046-0021: Administration — implements
OAR 813-046-0045: Use of Funds — implements
OAR 813-046-0050: Application for Funding; Funding Agreement — implements
OAR 813-046-0061: Recordkeeping and Compliance Monitoring — implements
OAR 813-046-0065: Remedies — implements
OAR 813-046-0070: Challenge of Subgrantee Action — implements
OAR 813-046-0081: Review by Subgrantee — implements
OAR 813-053-0000: Purpose and Objectives — implements
OAR 813-053-0015: Manuals — implements
OAR 813-053-0040: Use of Funds — implements
OAR 813-200-0090: Administrative Review By Subgrantee — implements
OAR 813-240-0001: Purpose and Objectives — implements
OAR 813-240-0005: Definitions — implements
OAR 813-240-0008: Manuals — implements
OAR 813-240-0020: Applicant Eligibility — implements
OAR 813-240-0035: Use of Funds — implements
OAR 813-240-0041: Application for Funding; Funding agreement — implements
OAR 813-240-0050: Recordkeeping and Compliance Monitoring — implements
OAR 813-240-0060: Remedies — implements
OAR 813-240-0070: Challenge of Subgrantee Action — implements
OAR 813-240-0080: Review by Subgrantee — implements
OAR 813-385-0005: Purpose and Objectives — implements
OAR 813-385-0005: Purpose and Objectives — authority
OAR 813-385-0010: Definitions — implements
OAR 813-385-0010: Definitions — authority
OAR 813-385-0015: Eligibility Requirements — implements
OAR 813-385-0015: Eligibility Requirements — authority
OAR 813-385-0020: Uses/Types of Claims — implements
OAR 813-385-0020: Uses/Types of Claims — authority
OAR 813-385-0025: PSH Risk Mitigation Pool Program Manual — implements
OAR 813-385-0025: PSH Risk Mitigation Pool Program Manual — authority

This rule cites

ORS 458.630 — resolved
ORS 458.650 — resolved
ORS 458.655 — resolved
ORS 458.660 — resolved
ORS 456.515 — resolved
456.828 — resolved

Cited by

Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors458.html