Bill > SB1103

This bill establishes a new revolving loan program administered by the Oregon Business Development Department to provide low-interest loans to cities and tribal councils for infrastructure projects supporting housing development. The program will focus on financing transportation, water, wastewater, and stormwater infrastructure projects within urban growth boundaries, with a preference for projects in climate-friendly areas or zones that meet specific sustainability standards. The bill creates the Climate-Friendly Housing Infrastructure Revolving Fund, which will be continuously appropriated to support the loan program, and includes an initial General Fund appropriation of $300 million. The department is required to adopt rules for the program by July 1, 2026, and will model these rules after the Environmental Protection Agency's Clean Water State Revolving Fund program. Borrowers will repay their loans, with those repayments deposited back into the revolving fund to support future infrastructure projects. The bill includes an emergency clause, making it effective July 1, 2025, with the goal of addressing housing infrastructure needs in a climate-conscious manner.

Housing and Urban Affairs

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB1103