Yesterday, the Oregon Senate passed with bipartisan support Senate Bill 1537 and Senate Bill 1530, two major components of the Emergency Housing Stability and Production Package. The goal of the package is to stabilize and house Oregonians living on the streets and put affordable housing within reach for everyone.
Including House Bill 4134, the Emergency Housing Stability and Production Package creates programs and commits $376 million to support renters, boost housing production and infrastructure, fund homeless shelters, and create safe, healthy homes.
"This package is an incredible, bipartisan accomplishment that will make real progress on one of the toughest challenges facing our state. I’m really proud of the work we did to put forward smart solutions that will deliver urgent relief to Oregonians who need it,” said Sen. Kayse Jama (D - Portland), chair of the Senate Housing and Development Committee.
SB 1537 — introduced at the request of Gov. Tina Kotek — creates a new revolving loan fund to make interest-free loans to local governments to help finance production of affordable housing and moderate income housing projects. The fund is seeded with $75 million.
The bill also grants qualifying cities a one-time expansion of their urban growth boundaries. Cities under 25,000 people can expand by 50 acres, while cities over 25,000 people can expand by 100 acres. In the Metro area, the cap is 300 acres. Cities must display that they have done comprehensive planning and permitting before expansion and demonstrate need for both housing and land.
SB 1537 further establishes the housing accountability and production office to support local governments as they work to achieve their housing production goals.
SB 1530 makes significant and wide-ranging investments directed at the immediate housing needs for Oregonians, building on the resources the Legislature has committed toward housing production and support in recent legislative sessions.
"Everyone agrees that Oregon needs to build more homes quickly. These investments and programs are going to put Oregon on a path to making affordable housing more available all across the state," said Sen. Aaron Woods (D-Wilsonville), co-chair of the Ways and Means Subcommittee on Transportation and Economic Development.