SB 684 Oregon Senate · 2025 Regular Session

Relating to housing; and prescribing an effective date.

Summary

] [ Directs the Housing and Community Services Department to establish a program to issue low-interest short-term loans for the construction of mixed income housing. ] Amends the definition of "residential housing" to include certain mixed income housing. Requires the Housing and Community Services Department to adopt rules for long-term financing of residential housing on or before January 1, 2027. Requires the department to report on recommendations for mixed income housing by November 15, 2025, and report on updates to the interim committees of the Legislative Assembly related to housing by September 15, 2026. [ Establishes the Mixed Income Public Development Loan Fund to be continually appropriated to the department for those purposes. ] Reduces limitations on the mixed income housing that housing authorities may finance, develop, own, operate or manage. Takes effect on the 91st day following adjournment sine die.

Issues: ✓ Housing

Bill status signed all 5 stages cleared

Introduction

Jan 2025

Committee Review

Jun 2025

Senate Passage

Jun 2025

House Passage

Jun 2025

Signed into Law

Jul 2025

Introduced Jan 13, 2025 Signed Jul 17, 2025

Maddy AI version diff · 4 comparisons

What changed between versions

C-Engrossed → Enrolled · 5 edits · Jul 17, 2025

MODERATE

The bill was finalized as an enrolled version, removing editorial summaries and adding specific funding authority and updated reporting requirements for mixed-income housing programs. The changes clarify how the Housing and Community Services Department can finance and manage mixed-income housing projects.

Scope change

The bill's scope expanded to include specific funding authority for administrative expenditures related to permanent long-term financing for residential housing, with a $1,979,090 increase in allowable expenditures.

TECHNICAL

Removed the editorial summary section that provided a digest of the bill's features, as this is no longer needed in the final enrolled version.

Deleted Sections 3 and 4 which were removed by amendment, with subsequent sections not being renumbered.

FISCAL

Added Section 2 which increases the expenditure limit for the Housing and Community Services Department by $1,979,090 for administrative costs related to loans providing permanent long-term financing for residential housing.

REQUIREMENT

Modified Section 1(4) to require the department to report on the progress of rulemaking and recommendations for funding lending strategies by September 15, 2026.

DEFINITION

Added Section 5 which amends ORS 456.548 to include new definitions for 'Bonds', 'Capital reserve account', 'Consumer housing cooperative', 'Development costs', 'Housing development', 'Housing finance bond declaration', 'Housing Finance Fund', and 'Lending institution'.

Floor votes · Senate Jun 24, 2025 · House Jun 26, 2025

How they voted

27–2

Passed · 1 other

Total votes 30

Jun 24, 2025

D Democratic18

18 Yea

100% Yea

R Republican12

9 Yea 2 Nay 1

75% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jul 17, 2025

Signed into law

Governor signed.

upper

Jun 28, 2025

Lower · Passed

Speaker signed.

lower

Jun 27, 2025

Upper · Passed

President signed.

upper

Jun 26, 2025

Lower · Passed

Third reading. Carried by Marsh. Passed.

lower

Jun 25, 2025

Lower · Passed

Recommendation: Do pass.

lower

Jun 24, 2025

Committee

Referred to Ways and Means.

lower

Jun 24, 2025

Introduced

First reading. Referred to Speaker's desk.

lower

Jun 24, 2025

Upper · Passed

Rules suspended. Third reading. Carried by Pham, Anderson. Passed.

upper

Jun 23, 2025

Upper · Passed

Recommendation: Do pass with amendments to the B-Eng. bill. (Printed C-Eng.)

upper

Jun 20, 2025

Upper · Passed

Returned to Full Committee.

upper

Jun 19, 2025

Committee

Assigned to Subcommittee On Capital Construction.

upper

May 15, 2025

Committee

Referred to Ways and Means by prior reference.

upper

May 15, 2025

Upper · Passed

Recommendation: Do pass with amendments and be referred to Ways and Means by prior reference. (Printed B-Eng.)

upper

Apr 15, 2025

Committee

Referred to Finance and Revenue by order of the President, then Ways and Means by prior reference.

upper

Apr 15, 2025

Upper · Passed

Recommendation: Do pass with amendments and requesting referral to Finance and Revenue and then Ways and Means by prior reference. (Printed A-Eng.)

upper

Jan 17, 2025

Committee

Referred to Housing and Development, then Ways and Means.

upper

Jan 13, 2025

Introduced

Introduction and first reading. Referred to President's desk.

upper

3 primary · 14 co-sponsors