OR SB48

Amends land use application timelines, requiring counties to take final action within 120 days for urban growth boundary permits and 150 days for other permits, with applications becoming void after 181 days if missing information is not submitted

Allows housing development applicants within urban growth boundaries to request review under current standards rather than those in effect when the application was first submitted, with timelines restarting upon such request

Modifies urban growth boundary expansion requirements, clarifying that "site" means contiguous or street-separated lots regardless of common ownership, and requiring evaluations to be based on evidence at the time public notice is issued

Expands the Housing Project Revolving Loan Fund program to allow sponsoring jurisdictions to make project loans in addition to grants, with jurisdictions able to pledge taxing authority for repayment instead of relying solely on property tax exemptions

Requires conceptual plans for urban growth boundary expansions over 15 net residential acres to include assurances of urban services through agreements, utility provider letters, or equivalent documentation, with at least 30% of units subject to 60-year affordability restrictions