HB 3235
Directs the Housing and Community Services Department to give a grant to an organization to support first-time home buyers that purchase residential property to build equity ownership in the residential property through reduced interest rate loans and accelerated loan terms.
| Status | In House Committee (JWM) |
| Requested by | (at the request of Network for Oregon Affordable Housing) |
| Sponsors | Nancy Nathanson (Democrat) (Chief), Mark Gamba (Democrat), Kathleen Taylor (Democrat), Zach Hudson (Democrat), Hoa Nguyen (Democrat) |
| Fiscal impact | Fiscal impact issued |
| Revenue impact | No revenue impact |
| Emergency clause | Yes |
Bill Text
Directs the Housing and Community Services Department to grant funds to organizations supporting first-time home buyers through reduced interest rate loans.
Overview#
Digest: Tells a state agency to give money to people who support home buyers to build equity in their homes more quickly. (Flesch Readability Score: 64.6). Directs the Housing and Community Services Department to give a grant to an organization to support first-time home buyers that purchase residential property to build equity ownership in the residential property through reduced interest rate loans and accelerated loan terms. Specifies qualifications for loan recipients. Declares an emergency, effective July 1, 2025.
Public Testimony
| Name | Organization | Position | Date |
|---|---|---|---|
| Karen Saxe | DevNW | Support | 2025-02-12 |
| Kevin Christiansen | Salem | Support | 2025-02-12 |
| Karen Saxe | DevNW | Support | 2025-02-12 |
| Bill Van Vliet | Portland | Support | 2025-02-12 |
| Tess Spellacy | Bend | Support | 2025-02-12 |
| Rebekah Markillie | Oregon Housing Alliance | Support | 2025-02-12 |
| David Wall | Newberg | Oppose | 2025-02-12 |
| Emily Pfeiffer | City of Portland Housing Bureau | Support | 2025-02-13 |
| Edward Buck-Shannon | Portland | Support | 2025-02-13 |
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-13 | H | First reading. Referred to Speaker's desk. |
| 2025-01-17 | H | Referred to Housing and Homelessness with subsequent referral to Ways and Means. |
| 2025-02-12 | H | Public Hearing held. |
| 2025-03-19 | H | Work Session held. |
| 2025-03-24 | H | Recommendation: Do pass and be referred to Ways and Means by prior reference. |
| 2025-03-24 | H | Referred to Ways and Means by prior reference. |
| 2025-06-27 | H | In committee upon adjournment. |