Bill > HB3769

This bill directs the Oregon Department of Consumer and Business Services (DCBS) to create a comprehensive registration program for rental and vacation dwelling units. The program will require property owners to provide details about their ownership structure, including information about their corporate characteristics such as investment strategies, asset management, financing methods, and investor profiles. Owners will be required to pay a registration fee, with the collected funds being deposited into the Home Ownership Assistance Account. The bill allows DCBS to impose civil penalties on owners who fail to register their dwelling units. Additionally, the legislation introduces an additional fee structure for entities that own a large number of dwelling units (the specific number is left blank in the bill text), with these fees also being directed to the Home Ownership Assistance Account. The bill appears designed to increase transparency in the rental housing market, particularly for larger corporate property owners, and to generate revenue that can support housing assistance programs. The registration requirements include detailed criteria about the ownership structure, such as the owner's business plans, capital-raising methods, financing approaches, asset management scale, and investment registration status.

Housing and Urban Affairs

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB3769