71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
NOTE: Matter within { + braces and plus signs + } in an
amended section is new. Matter within { - braces and minus
signs - } is existing law to be omitted. New sections are within
{ + braces and plus signs + } .
LC 1055
House Bill 2258
Ordered printed by the Speaker pursuant to House Rule 12.00A (5).
Presession filed (at the request of Governor John A. Kitzhaber,
M.D., for Housing and Community Services Department)
SUMMARY
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.
Allows Housing and Community Services Department to acquire
title and hold property prior to transferring property for
development of affordable housing.
A BILL FOR AN ACT
Relating to Housing and Community Services Department; amending
ORS 456.625.
Be It Enacted by the People of the State of Oregon:
SECTION 1. ORS 456.625 is amended to read:
456.625. The Housing and Community Services Department may:
(1) Undertake and carry out studies and analyses of housing
needs within the state and ways of meeting such needs and make
the results of such studies and analyses available to the public,
qualified housing sponsors and the private housing sector.
(2) Prepare proposals on measures it considers necessary to
address administration, housing programs or community services
programs.
(3) With the approval of the State Housing Council, charge fees
or interest in connection with housing programs.
(4) Encourage community organizations to assist in initiating
housing projects for persons and families of lower income.
(5) Encourage the salvage of usable housing scheduled for
demolition or dislocation because of highway, school, urban
renewal or other public projects by seeking authority for the
public agencies involved in such programs to use the funds
provided for the demolition or relocation of such buildings to
enable qualified housing sponsors to relocate and rehabilitate
such buildings for use by persons and families of lower income.
(6) Encourage research and demonstration projects to develop
techniques and methods for increasing the supply of adequate,
decent, safe and sanitary housing for persons and families of
lower income.
(7) Make or participate in the making of residential loans to
qualified individuals or housing sponsors to provide for the
acquisition, construction, improvement, rehabilitation or
permanent financing of residential housing or housing
development; undertake commitments to make residential loans;
purchase and sell residential loans at public or private sale;
modify or alter such mortgages or loans; foreclose on any such
mortgage or security interest or commence any action to protect
or enforce any right conferred upon the department by any law,
mortgage, security, agreement, contract or other agreement and to
bid for and purchase property that is subject to such mortgage or
security interest at any foreclosure or other sale; acquire or
take possession of any such property and complete, administer,
conserve, improve and otherwise use the property to accomplish
the department's purposes, pay the principal and interest on any
obligations incurred in connection with such property and dispose
of such property in such manner as the department determines
necessary to protect its interests under ORS 456.515 to 456.725
and ORS chapter 458.
(8) Unless specifically exempted by the State Treasurer,
deposit with the State Treasurer any funds held in reserve or
sinking funds under ORS 456.515 to 456.725 and ORS chapter 458
and any other moneys not required for immediate use or
disbursement by the department, subject to the provisions of any
agreement with holders of bonds entered into prior to October 15,
1983.
(9) Advise and assist in the creation of any nonprofit housing
corporation, consumer housing cooperative or limited dividend
housing sponsor and give approval of the articles of
incorporation and bylaws of any such organization in carrying out
ORS 456.515 to 456.725.
(10) Cooperate with and exchange services, personnel and
information with any federal, state or local governmental agency.
(11) Contract for the services of and consultation with
professional persons or organizations, not otherwise available
through federal, state or local governmental agencies, in
carrying out ORS 456.515 to 456.725 and ORS chapter 458.
(12) Perform any other duties that the department considers
necessary in carrying out housing programs and community services
programs.
(13) Purchase, service, sell and make commitments to purchase,
service and sell residential loans to the extent permitted by ORS
456.635 and 456.640 (1) to (3).
(14) Initiate or assist appropriate state agencies,
governmental bodies and public or private housing sponsors in the
development, construction, acquisition, ownership, leasing,
rehabilitation or management of housing to carry out the purposes
of ORS 456.515 to 456.725 and ORS chapter 458 where such housing
is not otherwise affordable or available in the area.
(15) Subject to the provisions of any agreement then existing
with bondholders, make available funds by contract, grant, loan
or otherwise, including loan guarantees, insurance or other
financial leveraging techniques, from moneys made available by
the department to carry out the purposes of ORS 456.515 to
456.725, if such moneys are not needed for the operations of the
department or otherwise determined by the director to be a
necessary or prudent reserve.
{ + (16) For the purpose of developing affordable housing,
purchase or otherwise acquire title and hold property for a
reasonable time, as determined by the department, prior to
transferring the property to an entity that will develop the
property.
(17) Assist other state agencies that are responsible for the
disposition of state properties to facilitate adding value in the
sale or other conveyance of state properties. + }
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