Housing

SB 5701 authorizes the state to issue bonds and certificates for specific capital projects, including Moda Center improvements and Oregon State University's Cascades Student Health and Recreation Center. It modifies previously approved lottery bonding rules and allocates specific funding amounts for projects like community college renovations, housing programs, corrections facility upgrades, and university building projects. The bill requires the OSU Cascades project to meet apprenticeship, outreach, and benefits standards. It does not create new taxes or fees but allows the state to borrow funds for these named improvements.

Establishes the Housing Opportunity, Longevity and Durability Fund to deposit Article XI-Q bonds to be used by the Housing and Community Services Department to preserve affordable housing at risk of loss. [ Authorizes the State Treasurer to issue $100 million in bonds for the fund for the 2025-2027 biennium. ] Requires the department to, with input from stakeholders, report to the interim committees of the Legislative Assembly relating to housing on or before December 1, 2026, on legal and policy barriers to affordable housing production. Declares an emergency, effective on passage.

Requires the Director of the Department of Consumer and Business Services to adopt rules to conform the state building code to accessibility requirements under the Fair Housing Act [ and to certain American National Standards Institute standards for housing accessibility ]. Prohibits the Housing and Community Services Department from funding new rental housing that is a subsidized development unless the housing meets specified accessibility standards. Takes effect on the 91st day following adjournment sine die.