OR HB4037

Modifies the revolving loan program for cities and counties funding affordable housing projects, allowing affordability restrictions to be terminated upon foreclosure and permitting project funding to be transferred to subsequent property purchasers

Authorizes the Housing Accountability and Production Office to issue interim administrative orders requiring local governments to apply model building codes during enforcement proceedings against non-compliant jurisdictions

Eliminates mandatory plan review for one and two family dwellings when plans are designed and stamped by a certified professional engineer or architect

Establishes a streamlined land use approval process for housing subject only to clear and objective standards, prohibiting local governments from requiring public hearings or local appeals unless requested by the applicant, and shortens review periods to 90 days for similar housing applications by the same developer

Requires state agencies to prioritize housing providers (tribes, political subdivisions, nonprofits) when transferring surplus real property, with preference for developments serving households at or below 120% of area median income