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Housing advocates back $880 million for new affordable homes and urge $100 million for preservation
Summary
At the May 2 public hearing on Senate Bill 5506, housing agencies and nonprofit developers urged support for the governor's bond requests to fund LIFT programs and permanent supportive housing and asked the legislature to add a preservation set‑aside to protect at‑risk affordable properties.
Multiple housing advocates told the Joint Capital Construction Committee on May 2 that the governor's recommended capital package could finance thousands of affordable homes and that the legislature should add dedicated preservation funding.
Caleb Gant, deputy director at Oregon Housing and Community Services, said the governor's proposal combines allocations for the LIFT rental program, LIFT homeownership, and permanent supportive housing into roughly $880,000,000 in Article 11‑Q bonds. "That investment in LIFT would add over 5,500 homes across the state," Gant said, and he told…
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