Elderly Bond Program Compliance

The Elderly Bond Program helps create and preserve affordable housing for Oregon's low-income older adults and people with disabilities. Through the use of tax-exempt bonds, OHCS provides long-term, low-interest financing to developers building or maintaining housing that meets the needs of these communities. Eligible properties may include assisted living facilities, adult foster homes, and other supportive housing types. To qualify, residents must meet income limits and be at least 58 years old—or have a qualifying disability. OHCS ensures these properties remain affordable and in compliance with state and federal guidelines for years to come, helping older Oregonians live with dignity and stability. 

If your property is funded by the Elderly Bond Program, you will need to follow certain compliance rules and regulations. Below you will find more information about what's required including the Elderly Bond compliance manual, forms, and FAQs. If you are a property owner or management agent, please check this page regularly to access the most current information and the latest forms.  

Start here 

• Review Part 5 (Section 8) Income and Asset Inclusions and Exclusions 
• Review Replacement Reserve Policy 
  
• Access IRS Form 8703 
  
• Access income and rent limits

Mandatory forms

These forms are mandatory for Elderly Bond funded properties. 

Additional mandatory forms

• Elderly Bond Program Monitoring Report 
• Instructions for completing the Elderly Bond Program Monitoring Report 
  

Recommended forms

For compliance and asset management questions, email ARH.Portfolio@hcs.oregon.gov. Major form changes and policy updates are also sent through Technical Advisories. 

OHCS wants to make sure everyone has meaningful access to information and programs. If you would like these forms and information in a different language, alternate format, or need other accommodations, please email Language.Access@hcs.oregon.gov.