Bill > SB949

This bill directs the Oregon Housing and Community Services Department (OHCS) to provide $10 million from the General Fund to Self Enhancement, Inc. (SEI), a nonprofit organization, to acquire and develop mixed-use affordable housing specifically in north and northeast Portland. The funding is designated for a project that will integrate residential units with community services and commercial spaces, aiming to address housing needs in this area. The bill includes a sunset provision that will automatically repeal the funding authorization on January 2, 2028, meaning the project must be completed within that timeframe. An emergency clause is included, which will make the bill effective immediately upon passage on July 1, 2025, highlighting the perceived urgency of addressing affordable housing challenges in the Portland metropolitan area. The bill requires OHCS to report annually to legislative committees about the project's progress, ensuring transparency and accountability in the use of public funds for this affordable housing initiative.

Budget and Finance, Housing and Urban Affairs

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB949