HB 2584
Increases total amount of tax credits for affordable housing lenders allowed for all taxpayers per fiscal year.
| Status | In House Committee (JCTE) |
| Sponsors | Julie Fahey (Democrat) (Chief), Courtney Neron Misslin (Democrat), Mark Meek (Democrat) |
| Fiscal impact | Has minimal fiscal impact |
| Revenue impact | Revenue impact issued |
Bill Text
Increases tax credits for affordable housing lenders and expands the types of loans and bonds that qualify for these credits.
Sponsors#
Chief Sponsors: Julie Fahey
Overview#
Increases total amount of tax credits for affordable housing lenders allowed for all taxpayers per fiscal year. Expands purposes for which qualified borrower may use loan proceeds, with conditions. Extends period over which credit may be claimed, for certain loans with federal financing. Adds bonds issued by housing authority to types of bonds that lending institution may purchase to make qualified loan. Applies to tax years beginning on or after January 1, 2022. Takes effect on 91st day following adjournment sine die.
Public Testimony
| Name | Organization | Position | Date |
|---|---|---|---|
| Bill Van Vliet | Portland | Support | 2021-01-27 |
| David Wall | Newberg | Oppose | 2021-01-28 |
| Alison McIntosh | Oregon Housing Alliance | Support | 2021-01-29 |
| Bill Van Vliet | NOAH--Network for Oregon Affordable Housing | Support | 2021-03-24 |
| Alison McIntosh | Oregon Housing Alliance | Support | 2021-03-25 |
| Jessica Woodruff | PORTLAND | Support | 2021-03-25 |
| Brian Shelton-Kelley | Roseburg | Support | 2021-03-25 |
| Robert Roy | Pacific Crest Affordable Housing | Support | 2021-03-25 |
| Taylor Smiley Wolfe | Home Forward | Support | 2021-03-25 |
| Jessica Blakely | Salem Housing Authority | Support | 2021-03-26 |
| Kevin Kellogg | Hacienda CDC | Support | 2021-03-26 |
| Peter Hainley | CASA of Oregon | Support | 2021-03-26 |
| Camela Raymond | Housing Development Center | Support | 2021-03-26 |
| Trell Anderson | Milwaukie | Support | 2021-03-26 |
| Alison McIntosh | Oregon Housing Alliance | Support | 2021-06-03 |
| Peter Hainley | CASA of Oregon | Support | 2021-06-04 |
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-11 | H | First reading. Referred to Speaker's desk. |
| 2021-01-19 | H | Referred to Housing with subsequent referral to Revenue. |
| 2021-01-28 | H | Public Hearing held. |
| 2021-02-18 | H | Work Session held. |
| 2021-02-26 | H | Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Revenue by prior reference. |
| 2021-02-26 | H | Referred to Revenue by prior reference. |
| 2021-03-25 | H | Public Hearing held. |
| 2021-04-19 | H | Work Session held. |
| 2021-05-06 | H | Work Session held. |
| 2021-05-12 | H | Recommendation: Do pass with amendments, be printed B-Engrossed, and be referred to Tax Expenditures. |
| 2021-05-12 | H | Referred to Tax Expenditures by order of Speaker. |
| 2021-06-04 | H | Public Hearing held. |
| 2021-06-26 | H | In committee upon adjournment. |