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Committee hears trio of homeownership bills aiming to boost affordable and middle‑income ownership
Summary
Lawmakers heard three related bills—HB 3090 (HDIP funding/predevelopment), HB 3507 (down payment assistance tweaks) and HB 2698 (statewide homeownership goal)—with strong support from housing advocates and providers; OHS said some changes in HB 3507 could be implemented administratively.
The House Committee on Housing and Homelessness heard three related bills Wednesday intended to expand access to homeownership in Oregon: House Bill 3,090 to fund the Homeownership Development Incubator Program (HDIP) and predevelopment grants; House Bill 3,507 to adjust down payment assistance administered through culturally responsive organizations; and House Bill 2,698 to set and track a statewide homeownership goal.
Supporters said the three measures form a complementary package to increase production of permanently affordable for‑sale homes, scale down payment assistance and create measurable statewide targets to close racial and income gaps in homeownership.
Representative Levy introduced HB 3,090 and yielded time to development and nonprofit partners.…
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