Bill > HB3035

This bill expands the authority of the Oregon Housing and Community Services Department (OHCS) regarding housing programs and lending. Specifically, the bill allows the department to establish maximum household income limits for residential housing intended for homeownership, which was previously not explicitly authorized. The bill also broadens the definition of residential loans to include refinancing of existing housing loans, giving the department more flexibility in supporting housing financing. Additionally, the bill updates various technical definitions and language related to residential housing, including clarifying what types of dwelling accommodations can be considered residential housing (such as single-unit housing, multifamily housing with up to four units, mobile home parks, and accessory units). The changes aim to provide the department with more tools to support affordable housing initiatives, particularly for lower-income households, by expanding its ability to finance, refinance, and support various types of housing projects and loans.

Housing and Urban Affairs

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB3035