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Committee adopts amendment to create housing infrastructure program at Business Oregon; bill sent to Ways and Means
Summary
The House Housing Committee adopted a dash-2 amendment to House Bill 3,031 to create a Business Oregon program providing grants, loans and forgivable loans for infrastructure tied to housing development; the committee voted to refer the bill to the Joint Committee on Ways and Means.
The House Committee on Housing and Homelessness on March 19 adopted a dash-2 amendment to House Bill 3,031 and sent the amended bill to the Joint Committee on Ways and Means with a due-pass recommendation.
House Bill 3,031, as amended, directs the Oregon Infrastructure Finance Authority at Business Oregon to establish a program to provide financial assistance — including grants, loans and forgivable loans — for infrastructure projects that primarily support housing developments. Eligible projects may include transportation, water, wastewater or stormwater infrastructure, system-capacity upgrades tied to specific housing developments, and…
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