2007 ORS § 456.295¹
Action affecting covenant

An action affecting an affordable housing covenant may be commenced or intervened in by:

(1) The owner of an interest in the real property burdened by the covenant;

(2) An eligible covenant holder of the benefit of the covenant;

(3) A person that has a third-party right of enforcement; or

(4) A public body, as defined in ORS 174.109 ("Public body" defined), in the jurisdiction of which the real property burdened by the covenant is located. [2007 c.691 §5]

Note: Section 9, chapter 691, Oregon Laws 2007, provides:

Sec. 9. (1) Sections 1 to 6 of this 2007 Act [456.270 (Definitions for ORS 456.270 to 456.295) to 456.295 (Action affecting covenant)] apply to a covenant:

(a) Created under sections 1 to 6 of this 2007 Act on or after the effective date of this 2007 Act [January 1, 2008].

(b) Created before the effective date of this 2007 Act if the covenant would have been enforceable under sections 1 to 6 of this 2007 Act had it been created on or after the effective date of this 2007 Act.

(2) Sections 1 to 6 of this 2007 Act do not invalidate an otherwise enforceable affordable housing covenant, as defined in section 2 of this 2007 Act [456.270 (Definitions for ORS 456.270 to 456.295)], created before, on or after the effective date of this 2007 Act. [2007 c.691 §9]

Note: See note under 456.270 (Definitions for ORS 456.270 to 456.295).