Oregon legislation · 2026 Legislative Measures
Oregon HB4036: Relating to affordable housing; and declaring an emergency.
Status: Chaptered, April 13, 2026
Digest: This Act sets up a bond fund to preserve low-cost housing and requires OHCS to report on low-cost housing barriers. (Flesch Readability Score: 63.8). 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. [ Authorizes the State Treasurer to issue $100 million in bonds for the fund for the 2025-2027 biennium. ] Requires the department to, with input from stakeholders, report to the interim committees of the Legislative Assembly relating to housing on or before December 1, 2026, on legal and policy barriers to affordable housing production. Declares an emergency, effective on passage.
What the bill says
From the enrolled text, March 6, 2026:
83rd OREGON LEGISLATIVE ASSEMBLY--2026 Regular Session House Bill 4036 Introduced and printed pursuant to House Rule 12.00. Presession filed (at the request of House Interim Committee on Housing and Homelessness for Representative Pam Marsh) CHAPTER ................................................. Relating to affordable housing; creating new provisions; amending ORS 456.559 and 456.824; and declaring an emergency. SECTION 1. Section 2 of this 2026 Act is added to and made a part of ORS 456.766 to 456.828. SECTION 2. (1) The Housing Opportunity, Longevity and Durability Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned on moneys in the Housing Opportunity, Longevity and Durability Fund shall be credited to the fund. (2) The fund consists of moneys deposited into the fund from bonds issued by the State Treasurer pursuant to ORS 286A.035 for the Housing and Community Services Department to be used for affordable housing preservation. (3) Moneys in the fund are continuously appropriated to the department to: (a) Acquire, construct, remodel, repair, equip or furnish affordable housing at risk of loss, as described in ORS 456.824 (2), that is or will be owned or operated, as those terms are defined in ORS 458.480, by the State of Oregon for the purpose of providing affordable housing; (b) Pay the costs incurred by the department to administer the fund; …