Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Lawmakers hear support for $5 million insurance relief for affordable housing providers
Summary
Advocates and housing stakeholders urged the Senate Committee on Housing and Development to back Senate Bill 829, which would create a $5 million fund to help affordable housing owners cover sharply rising property insurance costs and study longer-term solutions.
Kathleen Swift, senior vice president and nonprofit development officer at Heritage Bank, Ryan Fisher of the Housing Authorities of Oregon and Jonathan Clay of Multifamily Northwest told the Senate Committee on Housing and Development on March 31 that rising property insurance rates are destabilizing affordable housing providers and urged support for Senate Bill 829.
“There have never been enough funds to fill, the need for affordable housing,” Kathleen Swift said, describing decades of layered financing and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
