Relating to exception communities; prescribing an effective date.
Catchline/Summary:
Directs State Housing Council to designate exception communities, for purposes of disbursement from accounts in Oregon Housing Fund, where substantial disparity exists between median household income and cost of safe and affordable housing. Directs State Housing Council to designate exception communities, for purposes of disbursement from accounts in Oregon Housing Fund, where substantial disparity exists between median household income and cost of safe and affordable housing.
Creates tax credit for lending institution making qualified loan directly to qualified borrowers for housing located in exception communities.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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HB 4069 House Committee On General Government and Consumer Protection
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