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Committee advances bill to fund NOAH first-time buyer program with $10 million appropriation

2702483 · March 19, 2025

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Summary

House Bill 3,235 would authorize a $10 million general fund grant to the Network for Oregon Affordable Housing (NOAH) to accelerate equity-building for first-time homebuyers; the committee voted to send the bill to Ways and Means with a due-pass recommendation.

House Bill 3,235 was moved to the floor with a due-pass recommendation and referred to the Joint Committee on Ways and Means following a work session on March 19. The measure would authorize Oregon Housing and Community Services (OHCS) to make a $10,000,000 general fund grant to the Network for Oregon Affordable Housing (NOAH) to help first-time homebuyers establish equity more quickly while making monthly payments.

Committee staff summarized the bill and noted the measure requires NOAH to demonstrate at least $10,000,000 of additional private monies in the loan fund before OHCS makes the grant. The bill declares an emergency effective date of July 1, 2025. The Legislative Fiscal Office issued a fiscal impact statement and recommended referral to Ways and Means.

Vice Chair Breeze Iverson moved the bill with a due-pass recommendation; the committee took a roll-call vote and recorded a majority of "aye" votes with one member excused. The motion passed and the bill will proceed to Ways and Means for fiscal review.

Witnesses and experts stood by but the committee handled this item as a work session; the committee did not take final action beyond the referral to Ways and Means on March 19.