HB 2465
Expands purposes for which qualified borrower may use loan proceeds, in connection with tax credits allowed for affordable housing lenders, to include limited equity cooperatives, with certain conditions.
| Status | In House Committee (JCTE) |
| Requested by | (at the request of SquareOne Villages) |
| Sponsors | Nancy Nathanson (Democrat) (Chief), Paul Holvey (Democrat), John Lively (Democrat), Khanh Pham (Democrat), Wlnsvey Campos (Democrat), Jeff Golden (Democrat), James Manning Jr. (Democrat), Floyd Prozanski (Democrat), Mark Gamba (Democrat), Jules Walters (Democrat) |
| Fiscal impact | Fiscal impact issued |
| Revenue impact | Revenue impact issued |
Bill Text
Expands the purposes for which affordable housing lenders can use tax-credit loan proceeds to include limited equity cooperatives.
Sponsors#
Chief Sponsors: Nancy Nathanson
Co-Sponsors: Paul Holvey, John Lively, Khanh Pham, Wlnsvey Campos, Jeff Golden, James Manning Jr., Floyd Prozanski, Mark Gamba, Jules Walters
Overview#
Expands purposes for which qualified borrower may use loan proceeds, in connection with tax credits allowed for affordable housing lenders, to include limited equity cooperatives, with certain conditions. Applies to tax years beginning on or after January 1, 2024. Takes effect on 91st day following adjournment sine die.
Public Testimony
| Name | Organization | Position | Date |
|---|---|---|---|
| Al Johnson | Eugene | Support | 2023-01-23 |
| Andrew Heben | SquareOne Villages | Support | 2023-01-23 |
| Dylan Lamar | Eugene | Support | 2023-01-23 |
| Lisa Jamieson | Portland | Support | 2023-01-25 |
| Ann-Marie Gavette | Springfield C Street Co-op | Unknown | 2023-01-25 |
| Ann-Marie Gavette | Springfield C street Co-op | Support | 2023-01-25 |
| Brian Hoop | Housing Oregon | Support | 2023-01-25 |
| Melissa McReynolds | Springfield | Support | 2023-01-25 |
| Garlynn Woodsong | Oregon Cooperative Housing Network | Support | 2023-01-25 |
| Cindy Robert | City of Medford | Support | 2023-01-25 |
| David Wall | Newberg | Oppose | 2023-01-27 |
| Cameron Herrington | Oregon Housing Alliance | Support | 2023-04-06 |
| Melissa McReynolds | Springfield | Support | 2023-04-06 |
| Andrew Heben | SquareOne Villages | Support | 2023-04-06 |
| Kevin Cronin | Housing Oregon | Support | 2023-04-07 |
| Ann-Marie Gavette | Springfield | Support | 2023-04-07 |
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2023-01-09 | H | First reading. Referred to Speaker's desk. |
| 2023-01-16 | H | Referred to Housing and Homelessness with subsequent referral to Tax Expenditures. |
| 2023-01-26 | H | Public Hearing held. |
| 2023-02-21 | H | Work Session held. |
| 2023-02-23 | H | Recommendation: Do pass as amended and be printed A-Engrossed, be referred to Ways and Means, and then referred to Tax Expenditures by prior reference. |
| 2023-02-23 | H | Referred to Ways and Means by order of Speaker and then Tax Expenditures by prior reference. |
| 2023-03-10 | H | Work Session held. |
| 2023-03-13 | H | Without recommendation as to passage and be referred to Tax Expenditures by prior reference. |
| 2023-03-13 | H | Referred to Tax Expenditures by prior reference. |
| 2023-04-07 | H | Public Hearing held. |
| 2023-06-25 | H | In committee upon adjournment. |