Bill > SB31

This bill establishes a grant program administered by the Housing and Community Services Department (OHCS) to support tenants in publicly supported housing when their affordable housing restrictions are terminated. The department can award grants to housing authorities, community action agencies, and nonprofit organizations to provide financial assistance to affected tenants. Grant recipients can use the funds to help tenants either remain in their current housing by covering increased rent or assist them in moving by covering costs like first month's rent, security deposits, utility connections, and moving expenses. The bill creates the Expiring Affordable Housing Tenant Support Fund, which will receive $6 million from the General Fund and can also collect unspent grant moneys returned by recipients. Grant applications can only be accepted after the first notice of housing withdrawal, and each grant is limited to three times the previous monthly rent. Recipients must submit a report within five years detailing how the funds were used and return any unused money to the fund. The bill includes an emergency clause and is set to take effect on July 1, 2025, reflecting the urgent need to support tenants facing potential housing displacement due to the termination of affordability restrictions.

Budget and Finance, Housing and Urban Affairs

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB31