Relating to the Housing and Community Services Department; and declaring an emergency.
Catchline/Summary:
Directs Housing and Community Services Department to develop and implement Local Innovation and Fast Track Housing Program to expand state's supply of affordable housing for low income households. Directs Housing and Community Services Department to develop and implement Local Innovation and Fast Track Housing Program to expand state's supply of affordable housing for low income households.
Authorizes department to acquire, construct, remodel, repair, equip or furnish qualified property that is or will be owned or operated by state to provide affordable housing for low income households. Authorizes department to pay development costs to develop qualified property, and to create entities, cooperate or participate with persons or entities and contract with persons and entities. Limits types of interests in real property that may be owned by state or department under program.
Directs Oregon Housing Stability Council to develop strategies to implement program.
Requires Director of Housing and Community Services Department to report regularly to council regarding status and progress of program and department's responsibilities for implementing and administering program.
Directs department to adopt rules to implement program.
Creates Local Innovation and Fast Track Housing Program Fund. Continuously appropriates moneys in fund to department for purposes of program.
Requires department to report to interim committees of Legislative Assembly on or before February 1 of each of years 2017, 2018 and 2019 regarding implementation of program.
Appropriates moneys from General Fund to department for biennial expenses related to development of affordable housing for low income households through program.
Limits biennial expenditures for payment of expenses related to development of affordable housing for low income households from fees, moneys or other revenues, including Miscellaneous Receipts and reimbursements from federal service agreements, but excluding lottery funds and federal funds, collected or received by department.]
Declares emergency, effective on passage.
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