SB 1567 — Relating to mixed income housing; and prescribing an effective date.

83rd OREGON LEGISLATIVE ASSEMBLY--2026 Regular Session A-EngrossedEnrolled Senate Bill 1567 Ordered by the Senate February 9 Including Senate Amendments dated February 9 Sponsored by Senators PHAM K, ANDERSON, MEEK, PATTERSON;

Senators BROADMAN, FREDERICK, GELSER BLOUIN, GOLDEN, NERON MISSLIN, SOLLMAN, Representatives ANDERSEN, CHAICHI, CHOTZEN, DOBSON, GAMBA, GOMBERG, HUDSON, JAVADI, LEVY E, MANNIX, MCDONALD, MCLAIN, MUNOZ, NELSON, NOSSE, PHAM H, RIEKE SMITH, TRAN, WISE (Presession filed.) SUMMARYCHAPTER The................................................. following summary is not prepared by the sponsors of the measure and is not a part of the body thereof subject to consideration by the Legislative Assembly.

ItAN isACT anRelating editor’sto briefmixed statementincome ofhousing; the essential features of the measure.

The statement includes a measure digest written in compliance with applicable readability standards.

Digest:

This Act lets OHCS make loans for mixed income housing projects.

(Flesch Readability Score:

87.9).

Authorizes the Housing and Community Services Department to fund mixed income housing.

Requires the department to develop a mixed income housing loan program.

Establishes the Mixed Income Development Loan Fund for such purposes.

Requires the department to adopt initial program rules by January 1, 2027.

Takes effect on the 91st day following adjournment sine die.

A BILL FOR AN ACT Relating to mixed income housing;

(5) The department shall deposit payments made under this section into the Mixed In- NOTE:come Development Loan Fund under section 3 of this 2026 Act.

Matter in boldfaced type in an amended section is new;

matter [italic and bracketed] is existing law to be omitted.

New sections are in boldfaced type.

LC 156 A-Eng.

SB 1567 come Development Loan Fund under section 3 of this 2026 Act.

Enrolled Senate Bill 1567 (SB 1567-B) Page 1 (b) Moneys appropriated, allocated, deposited or transferred to the fund by the Legisla- tive Assembly;

[2](a) A-Eng.Every state and local government agency that has powers, functions or duties with respect to housing, land use or enforcing health, safety or welfare standards, under this or any other law, shall exercise its powers, functions or duties consistently with state policy and in a manner that will facilitate sustained progress in attaining the objectives established;

SB 1567 (a) Every state and local government agency that has powers, functions or duties with respect to housing, land use or enforcing health, safety or welfare standards, under this or any other law, shall exercise its powers, functions or duties consistently with state policy and in a manner that will facilitate sustained progress in attaining the objectives established;

Enrolled Senate Bill 1567 (SB 1567-B) Page 2 456.612.

(2) Adopt criteria by which the department may approve or disqualify qualified housing sponsors.spon- sors.

(4) With the approval of the council, establish maximum household income limits for all or a portion of the units in housing projects, including housing developments or other residential housing,hous- ing, financed in whole or in part by the department.

The department may finance only [the portion of] housing projects [consisting of] including one or more units rented to households with an incomein- come below 120 percent of the area median income, as defined in ORS 458.610.

For a housing project financed by the department,depart- ment, the council may establish a minimum ratio or number of units that will be rented to householdshouse- holds with an income below 120 percent of the area median income.

[If the income level in any unit exceeds 120 percent of the area median income, the department shall, to the extent practicable, require that the project, development or other housing financed by the department have no less than a minimum per-percentage centage of low income units as established by rule.] Income limits for department programs adminis-ad- teredministered on a statewide basis may be established by reference to the area median income.

Notwithstanding ORS 307.237, the amount of $20 million is transferred from the Housing Project Revolving Loan Fund to the Mixed Income Development Loan Fund es- tablished by section 3 of this 2026 Act.

The transfer shall be made on the effective date of this 2026 Act.

SECTION 9.

[3]Enrolled A-Eng.Senate Bill 1567 (SB 1567-B) Page 3 Passed by Senate February 27, 2026 Received by Governor:

SB........................M.,........................................................., 15672026 [4]..................................................................................

Obadiah Rutledge, Secretary of Senate Approved:

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Rob Wagner, President of Senate ..................................................................................

Tina Kotek, Governor Passed by House March 4, 2026 Filed in Office of Secretary of State:

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Julie Fahey, Speaker of House ..................................................................................