Bill > SB48

This bill modifies several aspects of Oregon housing law, primarily focusing on urban growth boundaries, housing development, and financing mechanisms. It amends existing statutes to provide more flexibility for cities and counties in developing housing projects, particularly affordable and middle-income housing. The bill allows local governments to apply for exemptions from certain housing development regulations, modifies the process for urban growth boundary expansions, and creates a new framework for project funding and loans for housing developments. Key provisions include allowing cities to repay Housing and Community Services Department loans from sources other than developer fees, establishing a process for cities to make loans and grants to developers, and creating a Housing Project Revolving Loan Fund to support housing projects. The bill also introduces more detailed requirements for housing developments, such as mandating a percentage of affordable units, ensuring diverse housing types, and establishing minimum density requirements. Additionally, it provides mechanisms for tracking and reporting on housing projects, including annual reporting requirements and potential penalties for developers who do not meet project commitments. The bill aims to address housing affordability and availability by providing local governments with more tools and financial resources to support housing development.

Budget and Finance, Housing and Urban Affairs

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB48