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Bill to apply Oregon Affordable Housing Tax Credit to targeted mortgages gains backing from lenders and advocates
Summary
Supporters told the committee House Bill 3,236 would expand the Oregon Affordable Housing Tax Credit’s eligible uses to lower interest rates for mortgage funds tied to shared-appreciation models, further increasing affordability for participating borrowers.
House Bill 3,236, as amended, would permit the Oregon Affordable Housing Tax Credit (OAHTC) to be used in certain qualified mortgage funds — notably to lower interest costs on the private bank portion of a blended Amplify Oregon mortgage fund. Proponents told the House Committee on Housing and Homelessness the change would expand affordability for first-time buyers in shared-appreciation models while…
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