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Senators, housing agencies and advocates push package to protect tenants when affordability restrictions expire
Summary
Senate Bill 973, and companion bills (Senate Bill 31 and Senate Bill 32), propose longer tenant notice, a mitigation fund for households facing loss of affordability protections and enhanced public data on expiring restrictions. The package drew broad support from housing advocates, public housing authorities and local officials during a lengthy,
State lawmakers and housing stakeholders told the Senate Committee on Housing and Development that a package of bills — Senate Bill 973, Senate Bill 31 (dash amendments) and Senate Bill 32 — aims to reduce tenant displacement when affordable housing contracts expire and to improve the state’s ability to preserve affordable units.
The bills would (1) increase tenant notice about the end of affordability restrictions and require landlords to inform applicants and new tenants of remaining affordability term; (2) create an expiring-affordability mitigation fund to provide one-time financial assistance to affected households (capped in the draft at the equivalent of up to three months’ rent in many descriptions); and (3) direct Oregon Housing and Community Services (OHCS) to publish expanded data on expiring affordable housing on its preservation dashboard.
Senator Deb Patterson, who…
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