(1) There is created in the General Fund of the State Treasury the Housing and Community Services Department Fund. All moneys deposited in the fund are continuously appropriated for the purposes of carrying out the programs which the Housing and Community Services Department is charged with administering subject to limitations otherwise prescribed by law.

(2) The department may transfer to the fund amounts not to exceed $250,000 from funds available to the department. Moneys in the fund are continuously appropriated to the department to:

(a) Make advances under ORS § 456.559 (1)(d) or 456.710; and

(b) Pay expenses incurred by the department in carrying out ORS § 456.548 to 456.725; however, any such funds expended by the department under this paragraph must be repaid by the department into the fund from the fees and charges collected under ORS § 456.625 (3) and from any other moneys available for such repayment in accordance with ORS § 456.548 to 456.725. [Formerly 456.610; 1987 c.414 § 17; 1991 c.62 § 3; 1991 c.739 § 12; 1993 c.793 § 1; 1995 c.79 § 247; 2017 c.608 § 10; 2023 c.193 § 19]

Section 4, chapter 906, Oregon Laws 2009, provides:

(1) Pursuant to ORS § 286A.560 to 286A.585, at the request of the Oregon Department of Administrative Services, after the department consults with the Housing and Community Services Department, the State Treasurer is authorized to issue lottery bonds for the Housing and Community Services Department to provide financial assistance to aid in the acquisition, renovation or maintenance of properties with project-based federal rental assistance contracts, public housing undergoing significant recapitalization or publicly supported housing as defined in ORS § 456.250, or to preserve the affordability of manufactured dwelling parks.

(2) The use of lottery bond proceeds is authorized based on the following findings:

(a) Individuals who are at risk of homelessness or who otherwise pay a disproportionate share of income for housing increase their potential for self-sufficiency, and use proportionately fewer community-funded resources when they are provided a stable housing environment.

(b) Having housing for at-risk populations is essential to Oregon’s healthy economic growth.

(3) The aggregate principal amount of lottery bonds issued pursuant to subsection (1) of this section may not exceed the amount of $108,801,718 plus an additional amount estimated by the State Treasurer to be necessary to pay bond-related costs as defined in ORS § 286A.560. [2009 c.906 § 4; 2011 c.624 § 3; 2013 c.786 § 19; 2014 c.121 § 15; 2015 c.812 § 37; 2016 c.66 § 4; 2017 c.748 § 7; 2019 c.671 § 7; 2021 c.682 § 4; 2023 c.599 § 9]

Section 9, chapter 671, Oregon Laws 2019, provides:

(1) The Housing Acquisition Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Housing Acquisition Fund must be credited to the fund. The Housing Acquisition Fund consists of moneys appropriated, allocated, deposited or transferred to the fund by the Legislative Assembly or otherwise and interest earned on moneys in the fund.

(2) Moneys in the fund are continuously appropriated to the Housing and Community Services Department to provide funding for loans to purchasers of land for affordable housing and naturally occurring affordable housing. [2019 c.671 § 9; 2021 c.678 § 16]

[2007 c.746 § 5; repealed by 2023 c.193 § 24]