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Senate committee hears public testimony on bill to codify OHCS flex lending
Summary
House Bill 3035A would place Oregon Housing and Community Services’ flex lending authority into statute and update definitions governing residential loans, agency officials told the Senate Housing and Development Committee during a public hearing April 28.
House Bill 3035A would place Oregon Housing and Community Services’ flex lending authority into statute and update several definitions governing residential loans, agency officials told the Senate Housing and Development Committee during a public hearing April 28.
Nathan Clark, government relations and legislative coordinator at Oregon Housing and Community Services, and Scott Shaw, Assistant Director of Homeownership Lending at OHCS, described the bill as clarifying OHCS authority to offer flexible mortgage products, expanding the meaning of ‘‘residential loan’’ to include refinancing and…
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