OregonRelating to affordable housing; and declaring an emergency.
What it does
Requires the Department of Consumer and Business Services to establish a program to assist eligible entities in paying the costs of property insurance or liability insurance premiums for affordable housing, shelters and other facilities. Specifies requirements for eligibility for the program. Requires the department to report to an interim committee of the Legislative Assembly related to housing not later than December 15 of each year.
More detail
Establishes the Affordable Housing Premium Assistance Fund and continuously appropriates moneys in the fund to the department to implement the department's program. Requires the department to study the feasibility of creating and operating a state reinsurance program or devising another solution to support price stability in the market for insurance to cover affordable housing. Declares an emergency, effective on passage.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Aug 8Effective date, July 24, 2025.Latest
- Aug 8Chapter 600, 2025 Laws.
- Jul 24Governor Tina Kotek signed.Became Law
- Jun 26Speaker signed.Major
- Jun 25President signed.Major
- Jun 24Third reading. Carried by Marsh. Passed.Passed House
- Vote recorded Third reading. Carried by Marsh. Passed. Result: pass.Lower
- Jun 23Rules suspended. Carried over to June 24, 2025 Calendar.
- Jun 20Rules suspended. Carried over to June 23, 2025 Calendar.
- Jun 19Second reading.Minor
- Jun 19Recommendation: Do pass.Minor
- Jun 18Referred to Ways and Means.Minor
- Vote recorded Third reading. Carried by Pham. Passed. Result: pass.Upper
- Jun 18First reading. Referred to Speaker's desk.Minor
- Jun 18Third reading. Carried by Pham. Passed.Passed Senate
- Jun 17Second reading.Minor
- Jun 16Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.)Minor
- Jun 13Work Session held.
- Vote recorded Heard and Reported Out with Amendments. Result: pass.Legislature
- Jun 10Returned to Full Committee.
- Jun 10Work Session held.
- Jun 6Assigned to Subcommittee On Transportation and Economic Development.Minor
- Apr 15Referred to Ways and Means by order of the President.Minor
- Apr 15Recommendation: Do pass with amendments and be referred to Ways and Means. (Printed A-Eng.)Minor
- Apr 7Work Session held.
- Vote recorded Heard and Reported Out with Amendments. Result: pass.Upper
- Mar 31Public Hearing held.
- Mar 26Public Hearing held.
- Jan 17Referred to Housing and Development.Minor
- Jan 13Introduction and first reading. Referred to President's desk.Introduced