HB 4036
Establishes the Housing Opportunity, Longevity and Durability Fund to deposit Article XI-Q bonds to be used by the Housing and Community Services Department to preserve affordable housing at risk of loss.
Jurisdiction
Oregon
Session
2026 Regular Session
At the request of
(at the request of House Interim Committee on Housing and Homelessness for Representative Pam Marsh)
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take actionPublic sentiment
Support
97%
Oppose
3%
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes the Preserve Affordable Homes for Oregon Fund, which will use bonds issued by the State Treasurer to preserve affordable housing at risk of loss. The Housing and Community Services Department will manage the fund and report on housing barriers to the Legislative Assembly. An emergency declaration means the bill goes into effect immediately upon passage. The fund aims to address the loss of affordable housing units across Oregon.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsor
House Interim Committee on Housing and Homelessness
Arguments in favor
Reasons to support this legislation.
Supporters of House Bill 4036 emphasize the need to preserve Oregon's existing affordable housing supply due to expiring affordability, serious physical capital needs, and financial distress. They argue that new construction alone cannot address the state's housing crisis and highlight the importance of preserving manufactured home communities, including resident-owned cooperatives (ROCs), which offer cost-effectiveness and excellent investment returns. The bill is seen as a critical tool for affordable housing preservation, providing a financing mechanism through Article XI-Q bonds to maintain long-term affordability and prevent displacement among low-income Oregonians. By supporting HB 4036, lawmakers can address the significant risks of losing over 10,000 units of affordable housing due to expiring restrictions and funding issues, and ensure that vulnerable residents, including seniors, people with disabilities, and working families, remain safely housed.
Source: Testimony Summaries
Arguments opposed
Reasons to oppose this legislation.
Opponents of the proposed measure express concern that increasing funding for services aimed at addressing homelessness would divert resources away from other pressing needs in Oregon's education system. They argue that prioritizing homelessness among school-age children may not effectively reduce overall homelessness, as many individuals experiencing homelessness have complex needs that require comprehensive support systems. Furthermore, some testifiers suggest that focusing on this specific population might inadvertently create a "targeted" approach that neglects the root causes of homelessness and fails to address systemic issues contributing to its persistence.
Read the latest version inline or switch to a previous version.