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Senate committee hears proposal for mixed-income revolving loan fund to accelerate housing construction
Summary
The Senate Committee on Housing and Development heard testimony supporting Senate Bill 15 67, which would direct Oregon Housing and Community Services to stand up a mixed-income development revolving loan fund to provide short-term, below-market construction loans to spur mixed-income housing projects; fund design, subordination to primary lenders and funding sources drew detailed questions from senators and stakeholders.
Sen. Khan Pham, chair of the Senate Committee on Housing and Development, introduced Senate Bill 15 67 on Feb. 3, 2026, saying Oregon must increase housing production and that the bill would create a Mixed Income Housing Development Fund to provide short-term, below‑market construction loans to mixed‑income projects.
"We need to build more homes to house more people," Pham said, framing the measure as one tool to boost production without relying solely on federal low‑income housing tax credits.
Housing finance experts, OHCS staff and private‑sector representatives described how a revolving construction loan fund can lower the cost of capital and help stalled projects move forward. Ashwin Warrior, director of housing at the Center for Public Enterprise, summarized results from other…
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