Oregon Statutes 458.610 – Definitions for ORS 458.600 to 458.665; rules
For purposes of ORS § 458.600 to 458.665:
Terms Used In Oregon Statutes 458.610
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100
(1) ‘Area median income’ means the area median income, subject to adjustment for areas with unusually high or low incomes or housing costs, all as determined by the Housing and Community Services Department based on information from the United States Department of Housing and Urban Development.
(2) ‘Council’ means the Oregon Housing Stability Council established in ORS § 456.567.
(3) ‘Department’ means the Housing and Community Services Department established in ORS § 456.555.
(4) ‘Low income’ means income that is more than 50 percent and not more than 80 percent of the area median income.
(5) ‘Moderate income’ means income that is more than 80 percent and not more than 120 percent of the area median income.
(6) ‘Organization’ means a:
(a) Nonprofit corporation established under ORS Chapter 65;
(b) Housing authority established under ORS § 456.055 to 456.235;
(c) Local government as defined in ORS § 197.015; or
(d) Federally recognized Indian tribe that owns land in this state.
(7) ‘Persons of color’ has the meaning given that term by rule by the department.
(8) ‘Persons with disabilities’ means persons with handicaps described in 42 U.S.C. § 3602(h).
(9) ‘Very low income’ means income that is 50 percent or less of the area median income.
(10) ‘Veteran’ has the meaning given that term by the department by rule. [1991 c.740 § 2; 1995 c.79 § 271; 2007 c.70 § 266; 2009 c.18 § 6; 2013 c.646 § 2; 2015 c.180 § 24; 2015 c.608 § 1; 2019 c.88 § 2a; 2019 c.576 § 3; 2021 c.55 § 1; 2021 c.97 § 62; 2021 c.170 § 3; 2023 c.193 § 10]