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OR HB3507
Bill
Status
6/27/2025
Primary Sponsor
Annessa Hartman
Click for details
AI Summary
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Requires the Housing and Community Services Department to amend the Home Ownership Assistance Program (HOAP) and Culturally Responsive Organization Down Payment Assistance Program (CRO-DPA) by January 1, 2026
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Expands eligibility for down payment assistance from households at or below area median income to include "low or moderate income" households
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Increases the maximum per household payment cap to $100,000 for first-generation home buyers
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Raises the maximum funding cap for first-time home buyers to $40,000
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Takes effect on the 91st day following adjournment of the 2025 regular legislative session
Legislative Description
Relating to Housing and Community Services Department home ownership programs; prescribing an effective date.
Last Action
In committee upon adjournment.
6/27/2025