Definitions for ORS 308.701 to 308.724

# (1)

“Government restriction on use” means a restriction that limits the use of multiunit rental housing to qualified income rental housing in order to receive a government incentive, including but not limited to the following government incentives:

# (a)

A low income housing tax credit under section 42 of the Internal Revenue Code;

# (b)

Financing derived from exempt facility bonds for qualified residential rental projects under section 142 of the Internal Revenue Code;

# (c)

A low interest loan under section 235 or 236 of the National Housing Act (12 U.S.C. 1715z or 1715z-1) or under 42 U.S.C. 1485;

# (d)

A government rent subsidy; and

# (e)

A government guaranteed loan.

# (2)

“Multiunit rental housing”:

(a) Means residential property consisting of four or more dwelling units; and

(b) Does not include assisted living facilities.