Oregon House Bill 4065 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Unknown
Status: Failed on March 7 2024 - 100% progression
Action: 2024-03-07 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

The Act would create a fund for grants to developers of affordable housing. (Flesch Readability Score: 63.4). Authorizes cities and counties to adopt a program for awarding grants to developers of affordable housing and moderate income housing projects to finance certain costs associated with such housing projects. Directs the Housing and Community Services Department to develop a revolving loan program to make interest-free loans to participating cities and counties to fund the grants. Imposes an annual fee on each grantee developer in repayment of the loans. Provides for the distribution of the fee moneys first to fire districts for ad valorem property taxes and then to the department in repayment of the loan that funded the grant awarded to the developer. Appropriates moneys to the Housing and Community Services Department to provide grants to nonprofits to engage with tenants whose housing is being withdrawn from publicly supported housing. Takes effect on the 91st day following adjournment sine die.

Relating to financing affordable housing; prescribing an effective date.

No sponsor information available at this time.

Date	Chamber	Action
2024-03-07	House	In committee upon adjournment.
2024-02-05	House	Referred to Housing and Homelessness with subsequent referral to Ways and Means.
2024-02-05	House	First reading. Referred to Speaker's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2024R1/Measures/Overview/HB4065
Text	https://olis.oregonlegislature.gov/liz/2024R1/Downloads/MeasureDocument/HB4065/Introduced
Supplement	https://olis.oregonlegislature.gov/liz/2024R1/Downloads/MeasureAnalysisDocument/81251