{"data":{"id":"us-or/ors-458.210","jurisdiction":"us-or","citation":"ORS 458.210","heading":"Community development corporations; description.","body":"For the purposes of ORS 456.550 and 458.210 to 458.240, a community development corporation is:\n      (1) An organization that:\n      (a) Is established under the provisions of ORS chapter 65;\n      (b) Has qualified for tax exempt status under section 501(c)(3) of the Internal Revenue Code;\n      (c) Has a purpose, stated in the articles of incorporation, to serve low and moderate income people’s need for community development and community self-help;\n      (d) Has a board of directors, of not fewer than five members, that is locally controlled by including 51 percent of the board members from the service area; and\n      (e) Has a defined geographic service area; or\n      (2) A housing entity or housing authority designated by a tribe, as defined in ORS 182.162, to receive funds and administer housing programs.","path":["13 - Housing, Games, Environment","36A. Housing; Lottery and Games; Environment","Chapter 458 — Housing and Community Services Programs; Individual Development Accounts"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors458.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:14Z","sha256":"108c79942ee53e192c8d43ca3a41ab73cce95866eb5ede820e51fabd1ea2d9ae","source_id":"us-or","stale":false,"prev":"us-or/ors-458.065","next":"us-or/ors-458.215"},"notice":"GroundRules: Original legal text. Not legal advice."}