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Senate committee advances bill to expand housing-authority property tax exemption, clarifies loan priorities
Summary
The Senate Committee on Finance and Revenue adopted an amendment to Senate Bill 684A to clarify loan-repayment priority for a proposed construction revolving loan fund and moved the bill to the floor with a "do pass" recommendation and referral to Ways and Means.
The Oregon Senate Committee on Finance and Revenue on Monday adopted an amendment to Senate Bill 684A that clarifies loan-repayment priority for a proposed construction revolving loan fund and expands property tax-exemption eligibility for mixed-income housing owned by housing authorities.
The amendment approved by the committee — the A6 — specifies the repayment-priority rules for loans issued by the Housing and Community Services Department under the bill. Committee members then voted…
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