Oregon legislation · 2026 Legislative Measures
Oregon SB1567: Relating to mixed income housing; and prescribing an effective date.
Status: Chaptered, April 6, 2026
Digest: This Act lets OHCS make loans for mixed income housing projects. (Flesch Readability Score: 87.9). Authorizes the Housing and Community Services Department to fund mixed income housing. Requires the department to develop a mixed income housing loan program. Establishes the Mixed Income Development Loan Fund for such purposes. Transfers moneys to the fund from the Housing Project Revolving Loan Fund. Requires the department to adopt initial program rules by January 1, 2027. Takes effect on the 91st day following adjournment sine die.
What the bill says
From the enrolled text, March 4, 2026:
83rd OREGON LEGISLATIVE ASSEMBLY--2026 Regular Session Senate Bill 1567 Sponsored by Senators PHAM K, ANDERSON, MEEK, PATTERSON; Senators BROADMAN, FREDERICK, GELSER BLOUIN, GOLDEN, NERON MISSLIN, SOLLMAN, Representatives ANDERSEN, CHAICHI, CHOTZEN, DOBSON, GAMBA, GOMBERG, HUDSON, JAVADI, LEVY E, MANNIX, MCDONALD, MCLAIN, MUNOZ, NELSON, NOSSE, PHAM H, RIEKE SMITH, TRAN, WISE (Presession filed.) CHAPTER ................................................. Relating to mixed income housing; creating new provisions; amending ORS 456.550, 456.612 and 456.620; and prescribing an effective date. SECTION 1. Sections 2 and 3 of this 2026 Act are added to and made a part of ORS 456.548 to 456.828. SECTION 2. (1) As used in this section, "mixed income housing" means multifamily housing, as defined in ORS 456.717, that includes both units available at fair market value and units restricted for low income households, as defined in ORS 456.270. (2) The Housing and Community Services Department shall develop and implement a program to provide below-market, short-term loans for the development of mixed income housing. (3) The department shall adopt rules for loans provided under this section that (b) The method by which interest rates and terms are set; (c) The proportion of housing units that must be restricted units; (d) The minimum duration for which restricted units must be affordable, which must be at least the term of the loan; and (e) The means by …