SB 937
Requires Housing and Community Services Department to make grant to Network for Oregon Affordable Housing to provide low-interest loans to purchasers of homes with limited equity.
| Status | In Senate Committee (JWM) |
| Sponsors | James Manning Jr. (Democrat) (Chief) |
| Fiscal impact | Fiscal impact issued |
| Revenue impact | No revenue impact |
| Emergency clause | Yes |
Bill Text
Requires a grant to the Network for Oregon Affordable Housing to provide low-interest loans for limited equity home purchases.
Overview#
Requires Housing and Community Services Department to make grants to nonprofit institutions] grant to Network for Oregon Affordable Housing to provide low-interest loans to purchasers of homes with limited equity. Appropriates moneys to department from General Fund for grants] grant. Sunsets January 2, 2026. Requires department to report on use of loan fund to interim committee of Legislative Assembly by September 15, 2024] 2025, and September 15, 2026] 2027. Declares emergency, effective July 1, 2023.
Public Testimony
| Name | Organization | Position | Date |
|---|---|---|---|
| Jimmy Jones | Salem | Support | 2023-02-27 |
| Beth Jacobi | Saving Grace of Central Oregon | Support | 2023-02-28 |
| Jo Davis | Portland | Support | 2023-02-28 |
| Robin Lee | Medford | Oppose | 2023-03-01 |
| Emily Reiman | DevNW | Support | 2023-03-01 |
| Rose M Ojeda | Sherwood | Support | 2023-03-01 |
| Tess Freeman | Kor Community Land Trust | Support | 2023-03-01 |
| David Wall | Newberg | Oppose | 2023-03-02 |
| Loren Naldoza | Oregon Housing Aliance | Support | 2023-03-02 |
| Karen Saxe | DevNW | Support | 2023-03-02 |
| Kevin Cronin | Housing Oregon | Support | 2023-03-02 |
| Sybil Hebb | Oregon Law Center | Support | 2023-03-02 |
| NW Coast Range | Oregonian | Oppose | 2023-03-03 |
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2023-02-21 | S | Introduction and first reading. Referred to President's desk. |
| 2023-02-22 | S | Referred to Housing and Development, then Ways and Means. |
| 2023-03-01 | S | Public Hearing held. |
| 2023-03-22 | S | Work Session held. |
| 2023-03-23 | S | Recommendation: Do pass with amendments and be referred to Ways and Means by prior reference. (Printed A-Eng.) |
| 2023-03-23 | S | Referred to Ways and Means by prior reference. |
| 2023-06-25 | S | In committee upon adjournment. |