SB684 — pdxcivic

Summary

Digest: This Act makes OHCS report on mixed income housing programs and lets housing authorities run or own more mixed income housing. (Flesch Readability Score: 60.6). [Digest: This Act makes OHCS create mixed income housing programs and lets housing authorities run or own more mixed income housing. (Flesch Readability Score: 63.8).] [Directs the Housing and Community Services Department to establish a program to issue low-interest short-term loans for the construction of mixed income housing.] Amends the definition of "residential housing" to include certain mixed income housing. Requires the Housing and Community Services Department to adopt rules for long-term financing of residential housing on or before January 1, 2027. Requires the department to report on recommendations for mixed income housing by November 15, 2025, and report on updates to the interim committees of the Legislative Assembly related to housing by September 15, 2026. [Establishes the Mixed Income Public Development Loan Fund to be continually appropriated to the department for those purposes.] Reduces limitations on the mixed income housing that housing authorities may finance, develop, own, operate or manage. Takes effect on the 91st day following adjournment sine die.