Oregon House Bill 4064 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Moderate Partisan Bill (Democrat 7-2)
Status: Failed on March 3 2016 - 100% progression
Action: 2016-03-03 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Creates Affordable Housing Mortgage Loan Fund and continuously appropriates moneys in fund to Housing and Community Services Department for purpose of making deferred loan to qualified statewide nonprofit organization. Specifies conditions under which statewide nonprofit organization must repay loan. Requires department by rule to specify qualifications of statewide nonprofit organization that is eligible to receive loan from Affordable Housing Mortgage Loan Fund. Requires statewide nonprofit organization that receives loan from department to create and administer revolving fund for purpose of purchasing mortgage loans from affiliated local nonprofit organizations that construct and sell housing to low-income residents of this state. Specifies conditions under which statewide nonprofit organization may purchase mortgage loans from affiliated local nonprofit organization. Requires statewide nonprofit organization to report annually to department concerning statewide nonprofit organization's activities with respect to Affordable Housing Mortgage Loan Fund. Becomes operative January 1, 2017. Takes effect July 1, 2016.

Relating to moneys for nonprofit organizations that provide affordable housing; prescribing an effective date.

Rep. Bradley Witt [D]	Rep. Gene Whisnant [R]	Rep. David Gomberg [D]	Rep. Philip Barnhart [D]
Rep. Paul Evans [D]	Rep. John Huffman [R]	Rep. Alissa Keny-Guyer [D]	Rep. Carla Piluso [D]
Sen. Kathleen Taylor [D]

2016-02-10 - House - House Committee Do pass. Refer to Ways and Means (Y: 8 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2016-03-03	House	In committee upon adjournment.
2016-02-12	House	Referred to Ways and Means by order of Speaker.
2016-02-12	House	Recommendation: Do pass and be referred to Ways and Means.
2016-02-10	House	Work Session held.
2016-02-03	House	Public Hearing held.
2016-02-01	House	Referred to Human Services and Housing.
2016-02-01	House	First reading. Referred to Speaker's desk.
2016-01-27	House	Presession Released to the Public.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2016R1/Measures/Overview/HB4064
Text	https://olis.oregonlegislature.gov/liz/2016R1/Downloads/MeasureDocument/HB4064/Introduced
Roll Call	https://olis.oregonlegislature.gov/liz/2016R1/CommitteeReports/MajorityReport/23811