l9n/ Oregon

2023 Regular Session

House Bill 3492

Directs Housing and Community Services Department by rule to establish and implement pilot program through which department cooperates with qualified lending institutions to provide 100 percent financing for residential property purchases to persons who qualify for special purpose credit programs.

Did not become law. It stopped in the House of Representatives's Ways and Means Committee on June 25, 2023. The 2023 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Directs Housing and Community Services Department by rule to establish and implement pilot program through which department cooperates with qualified lending institutions to provide 100 percent financing for residential property purchases to persons who qualify for special purpose credit programs. Authorizes department to enter into agreements with qualified lending institutions for purpose of implementing pilot program and specifies required terms and conditions of agreements. Specifies bases on which lending institution may become qualified lending institution. Requires department to offer second<b> position</b> mortgage loan for purchase of residential property to participants in amount that qualified lending institution does not fund with first mortgage loan. Specifies terms and conditions of second<b> position</b> mortgage loan. Establishes Special Purpose Credit Program Loan Fund in State Treasury, separate and distinct from General Fund. Appropriates moneys in fund continuously to department for purpose of making mortgage loans in connection with pilot program. Appropriates moneys from General Fund to department for purpose of making mortgage loans in connection with pilot program. Declares emergency, effective on passage.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the House of Representatives

2 co-sponsors

Mark Gamba, Maxine Dexter

In the Senate

Its course

February 28 to June 25, 2023, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action7 actions on 6 days

In the House of RepresentativesFeb 28 to Jun 25 · stopped117 days

Waiting for a committeeFeb 28 to Mar 33 days

Housing and HomelessnessMar 3 to Apr 735 days

Ways and MeansApr 7 to Jun 25 · stopped79 days

Amendments

Each amendment offered, and what became of it.

  • House of Representatives committee amendmentAdopted

    Adopted Apr 7

Text

Each version as the Legislative Assembly printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.

In the House of Representatives Feb 28 – Jun 25

  1. Feb 28Introduced
  2. Mar 3Sent to Housing and Homelessness
  3. Mar 16Heard in Housing and Homelessness
  4. Apr 4Heard in Housing and Homelessness
  5. Apr 7Housing and Homelessness recommended it as amended, and that it go to Ways and Means
  6. Sent to Ways and Means
  7. Jun 25Died when the session ended
All 7 actions, as published
  1. Feb 28First reading. Referred to Speaker's desk.House of Representatives
  2. Mar 3Referred to Housing and Homelessness with subsequent referral to Ways and Means.House of Representatives
  3. Mar 16Public Hearing held.House of Representatives
  4. Apr 4Work Session held.House of Representatives
  5. Apr 7Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Ways and Means by prior reference.House of Representatives
  6. Apr 7Referred to Ways and Means by prior reference.House of Representatives
  7. Jun 25In committee upon adjournment.House of Representatives