Oregon House Passes $200 Million Bipartisan Bill to Address Housing and Homelessness Crisis

Oregon House Passes $200 Million Bipartisan Bill to Address Housing and Homelessness Crisis

The Oregon House of Representatives has passed a $200 million housing and homelessness bill with bipartisan support. The majority of the package, $130 million, fulfills Gov. Tina Kotek’s request for immediate funding to begin addressing unsheltered homelessness in much of the state.

The bill aims to address the state’s housing crisis and homelessness issue by investing in affordable housing projects, increasing rental assistance, and providing emergency shelter to those in need and is expected to help more than 20,000 households across the state. It also includes provisions to prevent displacement and provide legal aid to renters facing eviction. 
The bill now moves to the Oregon Senate for consideration.
Read more at KGW.com.
HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com