Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears push to extend first-time homebuyer savings accounts for five years
Summary
Supporters including Oregon Realtors, credit unions and housing advocates told the House Revenue Committee May 6 that extending the sunset on first-time homebuyer savings accounts will help Oregonians bridge down-payment gaps while housing supply and mortgage rates remain constrained.
The House Committee on Revenue took public testimony May 6 on Senate Bill 101, which would extend two sunset dates for Oregon’s first-time homebuyer savings accounts: it would move the account-opening deadline from Jan. 1, 2027, to Jan. 1, 2032, and extend the overall program sunset from Jan. 1, 2037, to Jan. 1, 2042.
Witnesses including Brock Nation of Oregon Realtors, and Laurie Roe of Oregon State Credit Union, said the accounts encourage disciplined saving by allowing filers to…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
