Or. Rev. Stat. § 280.431
Required condition of purchase for low income single room occupancy housing project
Oregon · Oregon Revised Statutes Chapter 280 — Financing of Local Public Projects and Improvements; City and County Economic Development · Status: effective
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- Citation
- Or. Rev. Stat. § 280.431, Required condition of purchase for low income single room occupancy housing project, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2490503
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Full text
Low income single room occupancy housing projects shall not be sold to any purchaser who does not agree as a condition of purchase to maintain the property as low income single room occupancy housing for at least 30 years or the term of the mortgage, whichever period is shorter.