summary
Introduced
01/13/2025
01/13/2025
In Committee
01/17/2025
01/17/2025
Crossed Over
Passed
Dead
Introduced Session
2025 Legislative Measures
Bill Summary
The statement includes a measure digest written in compliance with applicable readability standards. Digest: Tells ODVA to make a program to buy housing properties and rent to veterans who need help with housing. (Flesch Readability Score: 67.3). Directs the Department of Veterans’ Affairs to establish and administer a program to acquire and manage residential properties for the benefit of veterans who are experiencing, or are at risk of experiencing, housing instability. Authorizes the department to enter into agreements with private entities to administer the program.
AI Summary
This bill establishes a comprehensive housing program through the Oregon Department of Veterans' Affairs (ODVA) to help veterans experiencing or at risk of housing instability. The program will allow ODVA to purchase residential properties at up to 90 percent of their fair market value using the newly created Veterans Housing Capacity Investment Fund. The department will rent or temporarily provide these properties to veterans through lease agreements, taking into consideration the property's proximity to veterans and veteran support services. ODVA can partner with private entities to administer the program and may sell properties if deemed in veterans' best interest, with any sale proceeds returning to the investment fund. The bill also creates a Housing Security Coordinator office within ODVA to manage the program. For the purposes of this bill, "veteran" is defined according to existing Oregon Revised Statutes (ORS 408.225). The fund will be maintained separately from the General Fund and can receive money through legislative appropriations or other transfers, with funds continuously appropriated to ODVA for program implementation.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Referred to Housing and Homelessness with subsequent referral to Ways and Means. (on 01/17/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2664 |
| Open Government Impact Statement for HB2664 INTRO | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/83642 |
| BillText | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/HB2664/Introduced |
Loading...