2015 ORS § 307.515¹
Definitions for ORS 307.515 to 307.523
(1) Governing body means the city or county legislative body having jurisdiction over the property for which an exemption may be applied for under ORS 307.515 (Definitions for ORS 307.515 to 307.523) to 307.523 (Time for filing application).
(2) Lender means the provider of a loan secured by the recorded deed of trust or recorded mortgage made to finance the purchase, construction or rehabilitation of a property used for low income housing under the criteria listed in or adopted under ORS 307.517 (Criteria for exemption) or 307.518 (Alternative criteria for exemption).
(3) Low income means income at or below 60 percent of the area median income as determined by the Oregon Housing Stability Council based on information from the United States Department of Housing and Urban Development. [1989 c.803 §1; 1991 c.930 §3; 1993 c.168 §3; 2015 c.180 §44; 2015 c.310 §3]