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Supporters back revolving loan fund to finance infrastructure for housing in climate-friendly areas
Summary
Witnesses representing cities, conservation groups and local advocates testified in favor of Senate Bill 1103, which would task Business Oregon with a revolving loan fund to provide below-market loans to cities or tribes for housing-supportive infrastructure in climate-friendly areas inside urban growth boundaries.
Senate Bill 1103 would direct Business Oregon to establish a revolving loan fund to provide below-market loans to cities or tribal councils for infrastructure projects that support housing development in climate-friendly areas within urban growth boundaries, proponents told the Senate Committee on Housing and Development on March 31.
A local representative for the city of Bend described an infrastructure funding shortfall that has…
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