Title: Establishes a $75 million Revolving Loan Fund for Middle-Income Housing
Signed by Governor Tina Kotek
Title: Establishes a $75 million Revolving Loan Fund for Middle-Income Housing
Title: Establishes a $75 million Revolving Loan Fund for Middle-Income Housing
Vote to pass a bill that establishes a $75 million revolving loan fund for middle-income housing in Oregon.
Requires the Oregon Business Development Department to provide grants to cities for specified infrastructure projects that will benefit housing developments that will make at least 30 percent of the dwelling units affordable to workforce income households (Sec. 1).
Requires cities receiving grants to provide reports to the Oregon Business Development Department (Sec. 1).
Appropriates resources to the Oregon Business Development Department. Declares an emergency, effective on passage (Sec. 1).
Title: Establishes a $75 million Revolving Loan Fund for Middle-Income Housing