HB 3488
Appropriates moneys from General Fund to support homeownership and fair housing.
| Status | In House Committee (JWM) |
| Requested by | (at the request of Joint Taskforce on Addressing Racial Disparities in Home Ownership) |
| Sponsors | Ricki Ruiz (Democrat) (Chief), James Manning Jr. (Democrat) (Chief), Mark Gamba (Democrat), Maxine Dexter (Democrat) |
| Fiscal impact | Fiscal impact issued |
| Revenue impact | No revenue impact |
| Emergency clause | Yes |
Bill Text
Appropriates General Fund moneys to support homeownership and fair housing programs and declares an emergency effective July 1, 2023.
Overview#
Requires Housing and Community Services Department to report to Legislative Assembly on homeownership disparities by September 15 of each even-numbered year. Sunsets January 2, 2035.] Requires department to identify and remove barriers to down payment assistance for individuals with individual taxpayer identification numbers and to report to Oregon Housing Stability Council.] Requires department to convene and provide training programs for homeownership organizations and to evaluate and to report on effectiveness of organization’s programs to council.] Requires department to research existing financial literacy materials and to develop new materials and financial literacy pamphlet by September 15, 2025.] Requires mortgage bankers and brokers to include financial literacy pamphlet with mortgages. Becomes operative January 1, 2026.] Appropriates moneys from General Fund to support homeownership and fair housing. Declares emergency, effective July 1, 2023.
Public Testimony
| Name | Organization | Position | Date |
|---|---|---|---|
| Linda Middlekauff | Roseburg | Oppose | 2023-03-14 |
| Kevin Cronin | Housing Oregon | Support | 2023-03-15 |
| Sarah Radcliffe | Portland | Support | 2023-03-16 |
| Karen Saxe | DevNW | Support | 2023-03-17 |
| Tess Freeman | Bend | Support | 2023-03-17 |
| Steve Mann | Forest Grove | Support | 2023-03-17 |
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2023-02-28 | H | First reading. Referred to Speaker's desk. |
| 2023-03-03 | H | Referred to Housing and Homelessness. |
| 2023-03-16 | H | Public Hearing held. |
| 2023-03-30 | H | Work Session held. |
| 2023-04-04 | H | Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Ways and Means. |
| 2023-04-04 | H | Referred to Ways and Means by order of Speaker. |
| 2023-06-25 | H | In committee upon adjournment. |