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Senate hearing: lawmakers hear calls to fund affordable‑housing preservation; SB 51 carried to March 31
Summary
Stakeholders urged creation of a permanent affordable housing preservation program and funding to recapitalize aging properties. Testimony said preservation is cost‑effective compared with new construction; the committee carried the hearing to March 31 for additional testimony.
Senate Bill 51, which would direct Oregon Housing and Community Services to establish an affordable housing preservation program and provide technical assistance funding, drew testimony on March 26 from housing advocates, nonprofit developers and a lender.
Cameron Harrington of the Oregon Housing Alliance described four categories of preservation need: properties with expiring federal rent assistance contracts, properties with expiring…
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