Oregon § 307.214 City and county project funding programs for developers of affordable and middle housing

Oregon Statutes

§ 307.214 — City and county project funding programs for developers of affordable and middle housing

Oregon § 307.214

Vol.8

Title 29Revenue and Taxation

Ch. 307Property Subject to Taxation; Exemptions

This text of Oregon § 307.214 (City and county project funding programs for developers of affordable and middle housing) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 307.214 (2026).

Text

(1)(a) A sponsoring jurisdiction may adopt by ordinance or resolution a project funding program under which the sponsoring jurisdiction awards project grants and makes project loans to developers for eligible costs.

(b)Before adopting the project funding program, the sponsoring jurisdiction shall consult with the governing body of any city or county with territory inside the boundaries of the sponsoring jurisdiction.

(2)The ordinance or resolution shall set forth:

(a)The kinds of eligible housing projects for which a developer may seek project funding under the program; and

(b)Any eligibility requirements to be imposed on projects and developers in addition to those required under ORS 307.213 to 307.237.

(3)A project grant and a project loan:

(a)Shall be in the amount determined unde

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(1)(a) A sponsoring jurisdiction may adopt by ordinance or resolution a project funding program under which the sponsoring jurisdiction awards project grants and makes project loans to developers for eligible costs.
(b) Before adopting the project funding program, the sponsoring jurisdiction shall consult with the governing body of any city or county with territory inside the boundaries of the sponsoring jurisdiction.
(2) The ordinance or resolution shall set forth:
(a) The kinds of eligible housing projects for which a developer may seek project funding under the program; and
(b) Any eligibility requirements to be imposed on projects and developers in addition to those required under ORS 307.213 to 307.237.
(3) A project grant and a project loan:
(a) Shall be in the amount determined under ORS 307.216 (3); and
(b) May include reimbursement for eligible costs incurred for up to 12 months preceding the date on which the eligible housing project received local site approval.
(4)(a) Eligible housing project property for which a developer receives a project grant for eligible costs may not be granted any exemption, partial exemption or special assessment of ad valorem property taxes other than the exemption granted under ORS 307.227.
(b) A sponsoring jurisdiction may not award a project grant to a developer under ORS 307.216 for an eligible housing project that is located in an urban renewal area.
(5) A sponsoring jurisdiction may amend an ordinance or resolution adopted pursuant to this section at any time. The amendments shall apply only to applications submitted under ORS 307.216 on or after the effective date of the ordinance or resolution.