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News

ARTICLE

Date ArticleType
10/2/2018 Member News

OHBA endorses Measure 102 to allow for public/private partnerships with affordable housing bond funds


The Oregon Home Builders Association (OHBA) recently endorsed Measure 102, a legislative referral that will allow local governments to work with non-profits and businesses to build affordable housing with bond funds.

Communities across Oregon, especially here in the Portland Metro, are experiencing rapidly rising housing costs and a significant lack of available housing. One tool local governments can utilize to increase their amount of affordable housing is general obligation bonds. Portland passed an affordable housing bond in 2016, and there is a regional housing bond measure on the November election ballot.

However, Oregon's constitution currently prohibits bond funds to be used on anything other than government owned and operated projects. Measure 102 will lift the current ban on the ability of local governments to work with nonprofits and businesses to build affordable housing in their community with bond funds. If passed, local governments will be able to work in partnership with those who have the most experience in building, owning, and operating affordable housing to create more housing, more effectively with their bond funds.

Measure 102 was referred to the ballot earlier this year by the Oregon Legislature with broad, bipartisan support in both Chambers. OHBA joins a diverse coalition, including the Oregon State Chamber of Commerce, Oregon Smart Growth, Westside Economic Alliance, NW Natural, REACH Community Development, Habitat for Humanity of Oregon, and hundreds more in supporting Measure 102. In their support, OHBA said "We are proud to support Measure 102 and the positive impacts it will have on our state and families that live here. Stable families and communities start with accessibility to homes."

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15555 Bangy Road   | Lake Oswego, OR 97035
Phone: (503) 684-1880 | info@hbapdx.org | sitemap
MemberClicks
  • Member Login
  • Join Now
  • Membership Rates
  • How your HBA membership saves you money
  • Good for your business
  • HBA's Brand Unveiling
  • Our Team
  • Our Board
  • Our History
  • Consumer Shows
  • Home Building Foundation
  • Oregon Home Builders Association
  • National Association of Home Builders
  • Contact Us
  • Member Benefits
  • Home Building Association of Greater Portland Receives Two National Association Excellence Awards
  • Home Performance Council
  • Portland Building and Urban Development Council
  • Remodeling & Custom Building Council
  • Professional Women in Building
  • Government Affairs Committee
  • Support our Political Engagement
  • HBA PAC House
  • Advocacy Resources
  • News
  • Building Science Program
  • Webinar Recordings
  • Construction Contractors Board (CCB)
  • Home Builders University
  • Lead Based Paint Classes
  • BuildRight Conference
  • Housing Forecast