OR HB2316

Oregon Department of Administrative Services must identify underutilized state-owned lands within urban growth boundaries and designate them as "home start lands" for affordable housing development

Local governments may nominate private property for home start lands designation if subject to a 30-year affordable housing covenant for households earning up to 120% of area median income

State may sell, transfer, or lease home start lands to housing developers for up to 99 years, with mandatory affordable housing covenants and state right of first refusal on future sales

Home Start Lands Fund established in State Treasury to receive sale and lease proceeds, with $859,665 General Fund appropriation for startup costs in the 2025-27 biennium

Property tax exemption available for up to 5 consecutive years on designated home start lands during development, with penalties for non-compliance