Bill > HB3804

This bill directs the Department of Land Conservation and Development (DLCD) to commission a comprehensive study on barriers to homeownership for underserved populations in Oregon. The study will examine historical and current policies that have created obstacles to homeownership, with a focus on understanding how past practices have impacted economically disadvantaged groups. The DLCD is required to partner with national and state research entities with expertise in housing and equity to conduct the study, which will analyze the effectiveness of existing approaches, review current efforts to increase credit and homeownership accessibility, and consider recommending special purpose credit programs designed to help underserved populations purchase homes. Key terms in the bill include "settlement statement" (a document detailing financial transactions in a home purchase), "eligible costs" (down payment and closing costs), and "special purpose credit program" (a targeted loan assistance program for specific populations). By December 15, 2027, the department must submit a report to legislative committees with comprehensive findings and recommended policy changes to address homeownership disparities. The study is time-limited, with the bill's provisions being repealed on January 2, 2028, and the bill itself taking effect 91 days after the legislative session adjourns.

Housing and Urban Affairs

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB3804