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House committee hears support for $100 million bond-backed preservation fund to save at-risk affordable units
Summary
Lawmakers heard testimony urging creation of a Housing Opportunity Longevity and Durability (HOLD) Fund through HB 4036, including a dash-2 amendment that dedicates $100 million in Article XI‑Q bond proceeds to preserve existing affordable rental housing and manufactured-home parks at risk of loss.
Chair Marsh opened the public hearing on House Bill 4036, a committee bill that would create a state preservation fund for affordable housing. Proponents urged the committee to adopt the dash-2 amendment, which names the account the Housing Opportunity Longevity and Durability (HOLD) Fund and dedicates $100 million in Article XI‑Q bond proceeds to purchase, rehabilitate and safeguard at-risk affordable homes.
Cameron Harrington, director of policy and advocacy at the Oregon Housing Alliance, told the committee HB 4036 is intended to complement the LIFT program by preserving existing regulated…
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