Oregon § 456.155 Policy regarding profit from projects; reserves

Oregon Statutes

§ 456.155 — Policy regarding profit from projects; reserves

Oregon § 456.155

Vol.13

Title 36AHousing; Lottery and Games; Environment

Ch. 456Housing

This text of Oregon § 456.155 (Policy regarding profit from projects; reserves) 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. § 456.155 (2026).

Text

(1)It hereby is declared to be the policy of this state that:

(a)Each housing authority shall manage and operate its housing projects in an efficient and cost-effective manner so as to enable it to set the rents for housing units at the lowest possible rates consistent with providing decent, safe and sanitary housing and fulfilling the unmet need of affordable housing for persons or families of lower income.

(b)No housing authority shall construct or operate any such housing for profit, or as a source of revenue to a city or a county.

(2)Notwithstanding any provisions of this section to the contrary, a housing authority may establish and maintain reasonable reserves for the purpose of providing additional housing projects that the authority owns or manages and otherwise administering i

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(1) It hereby is declared to be the policy of this state that:
(a) Each housing authority shall manage and operate its housing projects in an efficient and cost-effective manner so as to enable it to set the rents for housing units at the lowest possible rates consistent with providing decent, safe and sanitary housing and fulfilling the unmet need of affordable housing for persons or families of lower income.
(b) No housing authority shall construct or operate any such housing for profit, or as a source of revenue to a city or a county.
(2) Notwithstanding any provisions of this section to the contrary, a housing authority may establish and maintain reasonable reserves for the purpose of providing additional housing projects that the authority owns or manages and otherwise administering its programs pursuant to this chapter.