2017 ORS 458.480¹
Definitions

As used in ORS 458.480 (Definitions) to 458.490 (Local Innovation and Fast Track Housing Program Fund):

(1) “Affordable housing” means residential housing that may be purchased or rented, with or without government assistance, by persons who meet the applicable income limits of local, state or federally funded programs or developments.

(2) “Area median income” means the median income for the county in which the subject housing is located, adjusted for family size, as determined by the Housing and Community Services Department using United States Department of Housing and Urban Development information.

(3) “Development costs” has the meaning given that term in ORS 456.548 (Definitions for ORS 456.548 to 456.725).

(4) “Low income households” means:

(a) For affordable housing that may be rented, households of one or more individuals whose combined incomes are at or below 60 percent of the area median income; or

(b) For affordable housing that may be purchased, households of one or more individuals whose combined incomes are at or below 80 percent of the area median income.

(5) “Operate” means to have sufficient direct or indirect control of qualified property that reasonably enables the Housing and Community Services Department, in its determination, to ensure the qualified property’s use for the purpose of providing affordable housing under the Local Innovation and Fast Track Housing Program established in ORS 458.485 (Local Innovation and Fast Track Housing Program).

(6) “Own” means to possess one or more interests as described in ORS 458.485 (Local Innovation and Fast Track Housing Program) (3) in a qualified property that reasonably enables the Housing and Community Services Department, in its determination, to ensure the qualified property’s use for the purpose of providing affordable housing under the Local Innovation and Fast Track Housing Program established in ORS 458.485 (Local Innovation and Fast Track Housing Program).

(7) “Qualified property” means real or personal property, including infrastructure and indebtedness related to the real or personal property. [2016 c.61 §1; 2017 c.214 §1]

Note: 458.480 (Definitions) to 458.490 (Local Innovation and Fast Track Housing Program Fund) were enacted into law by the Legislative Assembly but were not added to or made a part of ORS chapter 458 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.

1 Legislative Counsel Committee, CHAPTER 458—Housing and Community Services Programs; Individual Development Accounts, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors458.­html (2017) (last ac­cessed Mar. 30, 2018).
 
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.