Relating to tax increment financing outside urban renewal areas; prescribing an effective date.
This legislation enables local governments to grant funds to developers for affordable housing projects and includes provisions for repaying loans through property tax increment financing. The bill also establishes a fee structure for housing developers related to property taxes.
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HB 2980 — Relating to tax increment financing outside urban renewal areas; prescribing an effective date.
Last action — In committee upon adjournment.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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Died in session
This bill died with 2023 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
In plain language
The bill allows cities and counties to provide grants for affordable housing development.
This legislation enables local governments to grant funds to developers for affordable housing projects and includes provisions for repaying loans through property tax increment financing. The bill also establishes a fee structure for housing developers related to property taxes.
What this means for you
- Developers: This means you could receive grants and loans to help finance affordable housing projects.
Summary
<b>Authorizes cities and counties to adopt program for awarding grants to developers of affordable housing and moderate income housing projects to finance certain costs associated with such housing projects.</b> Directs <i>___</i>] <b>Oregon Business Development</b> Department to develop <i>affordable housing</i>] revolving loan program <i>under which</i>] <b>to make interest-free loans to </b>participating cities and counties <i>may award</i>] <b>to fund</b> grants <i>to housing developers for certain eligible costs and repay loans from tax increment financing revenues derived from increase in value of housing project property</i>] <b>awarded under local option housing project grant program</b>. <b>Exempts housing project property to which grant award relates from ad valorem property taxes. <b>Imposes annual fee on developer of housing project in amount equal to incremental increase in property taxes, determined by subtracting taxes assessed before housing project is completed from estimated taxes to be assessed after project is completed. Increases fee by three percent for each subsequent property tax year. <b>Provides for distribution of annual fee moneys first to fire districts in estimated amount of taxes on exempted housing project property and then to department in repayment of loan that funded grant awarded to developer for related housing project.</b> Takes effect on 91st day following adjournment sine die.
Bill Text
We don't have the full text on file for this bill yet.
Read HB 2980 on the official Oregon source →Action History
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In committee upon adjournment.
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Referred to Ways and Means by prior reference.
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Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Ways and Means by prior reference.
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Work Session held.
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Public Hearing held.
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Referred to Housing and Homelessness with subsequent referral to Ways and Means.
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First reading. Referred to Speaker's desk.
Sponsors
- Khanh Pham · Cosponsor
- Emerson Levy · Cosponsor
- Paul Evans · Cosponsor
- Mark Gamba · Cosponsor
- Jeff Golden · Cosponsor
- Julie Fahey · Cosponsor
- Dick Anderson · Primary
- Pam Marsh · Primary
Sponsorship breakdown
Export CSV (upgrade) →2 sponsors · 6 co-sponsors · 84 not signed on · 2 voted No
Sponsors (2)
- Dick Anderson Republican
- Pam Marsh Democrat
Co-sponsors (6)
- Khanh Pham Democrat
- Emerson Levy Democrat
- Paul Evans Democrat
- Mark Gamba Democrat
- Jeff Golden Democrat
- Julie Fahey Democrat
Not signed on (84)
84 members have not signed on to this bill.
Show all 84 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 1 | 2 | 0 | 1 |
| Unaffiliated | 1 | 0 | 0 | 0 |
| Democrat | 6 | 0 | 0 | 0 |
| Total | 8 | 2 | 0 | 1 |
| % of votes cast | 73% | 18% | 0% | 9% |
How each member voted (11)
| Member | Party | Vote |
|---|---|---|
| Maxine Dexter | — | Yea |
| Annessa Hartman | Democrat | Yea |
| Cyrus Javadi | Democrat | Yea |
| Emerson Levy | Democrat | Yea |
| Julie Fahey | Democrat | Yea |
| Ken Helm | Democrat | Yea |
| Mark Gamba | Democrat | Yea |
| Boomer Wright | Republican | Nay |
| Court Boice | Republican | Not Voting |
| Jami Cate | Republican | Nay |
| Jeffrey Helfrich | Republican | Yea |
Subjects
Frequently asked questions
- What does HB 2980 do?
- <b>Authorizes cities and counties to adopt program for awarding grants to developers of affordable housing and moderate income housing projects to finance certain costs associated with such housing projects.</b> Directs <i>___</i>] <b>Oregon Business Development</b> Department to develop <i>affordable housing</i>] revolving loan program <i>under which</i>] <b>to make interest-free loans to </b>participating cities and counties <i>may award</i>] <b>to fund</b> grants <i>to housing developers for certain eligible costs and repay loans from tax increment financing revenues derived from increase in value of housing project property</i>] <b>awarded under local option housing project grant program</b>. <b>Exempts housing project property to which grant award relates from ad valorem property taxes. <b>Imposes annual fee on developer of housing project in amount equal to incremental increase in property taxes, determined by subtracting taxes assessed before housing project is completed from estimated taxes to be assessed after project is completed. Increases fee by three percent for each subsequent property tax year. <b>Provides for distribution of annual fee moneys first to fire districts in estimated amount of taxes on exempted housing project property and then to department in repayment of loan that funded grant awarded to developer for related housing project.</b> Takes effect on 91st day following adjournment sine die.
- Who sponsors HB 2980?
- HB 2980 is sponsored by Khanh Pham (Democrat), Emerson Levy (Democrat), Paul Evans (Democrat), Mark Gamba (Democrat), Jeff Golden (Democrat), Julie Fahey (Democrat), Dick Anderson (Republican), and Pam Marsh (Democrat).
- What is the current status of HB 2980?
- This bill died with 2023 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HB 2980?
- Track HB 2980 free on One Click Politics — get push/email alerts when it moves.
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