OAR 813 § 813-009-0020
Type of Loan Assistance
Operative Text
(1) The Department will confirm in writing to an applicant the amount of assistance, if any, to be provided from the Park Purchase Account. Any assistance will be in the form of a loan made pursuant to a controlling written instrument. (2) The Department will establish the terms of the loan, including (without limitation) its duration, interest rate and repayment schedule at or prior to its issuance. Without the written approval of the Director, the following loan limitations will apply: (a) The initial duration of the loan shall not exceed three years; (b) The initial interest rate on the loan shall not exceed the short-term money-market rate at the time of loan funding; and (c) The loan installment payment due dates shall not be less than every three months. (3) Successful applicants will submit vouchers, billings or paid receipts for Initial Costs to the Department, in form and content satisfactory to the Department, for the Department’s approval, prior to loan funds disbursement. Approval will be at the sole discretion of the Department. Upon approval by the Department, proceeds of the loan will be disbursed to vendors and/or to the successful applicant as determined by the Department. (4) In addition to any other rights or remedies available under law, the Department may revoke any approval of the use of Park Purchase Account Funds, terminate all or part of any loan, accelerate all or part of the balance due on any loan and require immediate repayment of any or all of the funds advanced pursuant to a loan if any of the terms or conditions of the loan are not timely and completely satisfied.
Oregon Administrative Rule OAR 813 § 813-009-0020 governs how the Oregon Housing and Community Services Department structures loan assistance drawn from the Park Purchase Account. Any financial assistance offered under this provision takes the form of a loan, with written terms set before or at the time the loan is issued, including limits on duration (generally no more than three years initially), interest rate (capped at the short-term money-market rate), and payment frequency (at least every three months). If a borrower fails to meet the loan's terms, the Department retains broad remedies, including revoking approval, terminating the loan, or demanding immediate repayment of all advanced funds.
Plain English — not legal advice.
Mobile home park operators or cooperative entities seeking assistance under OAR 813 § 813-009-0020 should be aware that compliant applicants receive written confirmation of any loan amount and execute a controlling written instrument before funds are disbursed. Operators generally maintain organized records of Initial Costs—such as vouchers, billings, or paid receipts—in a form acceptable to the Department, submitting them prior to any disbursement. Staying current on all loan conditions, including payment schedules and interest obligations, is characteristic of operators who avoid the acceleration and repayment remedies the Department may invoke under this rule.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
For residents of manufactured housing parks, OAR 813 § 813-009-0020 is relevant because it governs the loan mechanism that can help a resident cooperative or eligible entity purchase a park, potentially preserving affordable housing. The rule establishes that loan terms—including duration, interest, and repayment schedule—are set by the Department, and that the Department holds significant oversight authority over how funds are used. Tenants interested in understanding how a park-purchase loan might affect their community can reach out to Oregon tenant-rights organizations or the Oregon Housing and Community Services Department for general information about the Park Purchase Account program.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated October 7, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
Effective Timeline
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