Definitions for ORS 307.213 to 307.237

# (1)

“Agency loan” means a loan made by the Housing and Community Services Department pursuant to a program adopted under ORS 307.221.

# (2)

“Assessor,” “tax collector” and “treasurer” mean the individual filling that county office so named or any county officer performing the functions of the office under another name.

# (3)

“County tax officers” and “tax officers” mean the assessor, tax collector and treasurer of a county.

# (4)

“Eligible costs” means the following costs associated with an eligible housing project:

# (a)

Infrastructure costs, including, but not limited to, system development charges;

# (b)

Predevelopment costs;

# (c)

Construction costs; and

# (d)

Land write-downs.

# (5)

“Eligible housing project” means a project to construct housing, or to convert a building from a nonresidential use to housing, that is:

# (a)

Affordable to households with low income or moderate income as those terms are defined in ORS 458.610;

# (b)

If for-sale property, a single-family dwelling, middle housing as defined in ORS 197A.420 or a multifamily dwelling that is affordable as described in paragraph (a) of this subsection continuously from initial sale for a period, to be established by the Housing and Community Services Department and the sponsoring jurisdiction, of not less than the term of the agency loan related to the for-sale property; or

# (c)

If rental property:

(A)(i) Middle housing as defined in ORS 197A.420;

(ii) A multifamily dwelling;

(iii) An accessory dwelling unit as defined in ORS 215.501; or

(iv) Any other form of affordable housing or moderate income housing; and

(B) Rented at a monthly rate that is affordable to households with an annual income not greater than 120 percent of the area median income, such affordability to be maintained for a period, to be established by the department and the sponsoring jurisdiction, of not less than the term of the agency loan related to the rental property.

# (6)

“Eligible housing project property” means the taxable real and personal property constituting the improvements of an eligible housing project.

# (7)

“Fee payer” means, for any property tax year, the person responsible for paying ad valorem property taxes on eligible housing project property to which a project grant awarded under ORS 307.225 relates.

# (8)

“Fire district taxes” means property taxes levied by fire districts within whose territory all or a portion of eligible housing project property is located.

# (9)

“Nonexempt property” means property other than eligible housing project property in the tax account that includes eligible housing project property.

# (10)

“Nonexempt taxes” means the ad valorem property taxes assessed on nonexempt property.

# (11)

“Project funding” means a project grant or a project loan.

# (12)

“Project funding agreement” means an agreement entered into between a sponsoring jurisdiction and a developer under ORS 307.225 for a project grant or a project loan.

# (13)

“Project grant” means a grant awarded by a sponsoring jurisdiction under a project funding program adopted pursuant to ORS 307.214.

# (14)

“Project loan” means a loan made by a sponsoring jurisdiction under a project funding program adopted pursuant to ORS 307.214.

# (15)

“Sponsoring jurisdiction” means:

# (a)

(A) A city with respect to eligible housing projects located within the city boundaries; or

(B) A county with respect to eligible housing projects located in urban unincorporated areas of the county; or

# (b)

The governing body of a city or county described in paragraph (a) of this subsection. [2024 c.110 §24; 2025 c.530 §11]

Note: 307.213 to 301.237 were enacted into law by the Legislative Assembly but were not added to or made a part of ORS chapter 307 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.