(at the request of Governor Theodore R. Kulongoski for Housing and Community Services Department)
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Bill Title:
Relating to housing.
Catchline/Summary:
Authorizes formation of manufactured dwelling park nonprofit cooperatives. Authorizes formation of manufactured dwelling park nonprofit cooperatives. Allows manufactured dwelling park nonprofit cooperatives to qualify for housing loans and technical assistance programs.
Directs Department of Land Conservation and Development to report to Seventy-fifth Legislative Assembly regarding provision of sites for affordable housing development and proposals to streamline land use requirements relating to expansion of urban growth boundaries to provide affordable housing, manufactured dwelling parks and mobile home parks.
Modifies definitions pertaining to persons qualifying for housing programs. Changes requirement for Housing and Community Services Department adoption of criteria for approving financing applications.
Allows department to insure loans to manufactured dwellings, manufactured dwelling parks and manufactured dwelling park nonprofit cooperatives if loans provide significant benefit to persons and families of lower income. Increases percentage of loan for which department may use Guarantee Fund to issue loan guarantee.
Regulates use of department-provided financing for nonhousing purposes. Regulates limited dividend housing sponsor distributions and operations.
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HB 2096
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