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§ 308.701 — Oregon Law | CourtGPT
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Oregon Legal Code

§ 308.701

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As used in ORS 308.701 to 308.724:\n(1) 'Government restriction on use' means a restriction that limits the use of multiunit rental housing to qualified income rental housing in order to receive a government incentive, including but not limited to the following government incentives:\n(a) A low income housing tax credit under section 42 of the Internal Revenue Code;\n(b) Financing derived from exempt facility bonds for qualified residential rental projects under section 142 of the Internal Revenue Code;\n(c) A low interest loan under section 235 or 236 of the National Housing Act (12 U.S.C. 1715z or 1715z-1) or under 42 U.S.C. 1485;\n(d) A government rent subsidy; and\n(e) A government guaranteed loan.\n(2) 'Multiunit rental housing':\n(a) Means residential property consisting of four or more dwelling units; and\n(b) Does not include assisted living facilities. [2001 c.605 §2]