HB 3567
Appropriates moneys to the Housing and Community Services Department to continue providing down payment assistance through culturally responsive organizations.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill provides funding to the Oregon Housing and Community Services Department to maintain a program that offers down payment assistance. Specifically, it allocates $45 million over the next two years to support organizations that work in a culturally responsive manner to help people afford homes. The goal is to expand access to homeownership opportunities for diverse communities within Oregon. This funding will allow these organizations to continue their crucial work in assisting prospective homebuyers.
Key provisions
- Allocates $45,000,000 to the Housing and Community Services Department.
- Funds the department’s down payment assistance program.
- Requires the program to utilize culturally responsive organizations.
- The funding is for the biennium beginning July 1, 2025.
- The appropriation is from the General Fund.
Who is affected
- Oregon homebuyers
- Culturally responsive organizations
- Housing and Community Services Department
- Oregon residents
- Low-to-moderate income households
Fiscal impact
The bill appropriates $45,000,000 from the General Fund for the biennium.
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