Category: New

Explore the latest developments concerning Kotek signs bills.

Kotek signs bills boosting housing supply, tightening rules on single-family home buys

WOODBURN, Ore. (KATU) — Gov. Tina Kotek signed six housing bills at a ceremonial event at Woodburn City Hall aimed at expanding housing options for middle-income Oregonians, seniors and farmworkers as the state works to address a long-term housing shortage.

“Housing affordability is a top priority for Oregonians, and it’s directly related to housing supply,” Kotek said. “The reforms we’ve advanced are helping turn the corner on this crisis, and these new bills will keep expanding access to homes for Oregonians at all income levels.”

The package includes House Bill 4082, which is designed to speed development of affordable housing for seniors and manufactured home communities by allowing cities to designate land for individuals 55 and over and/or manufactured housing. The bill is intended to help communities add hundreds of affordable homes statewide while easing pressure on the broader housing market.

Oregon Gov. Kotek signs bills aimed at housing affordability

To stream KGW on your phone, you need the KGW app.

WOODBURN, Oregon — Oregon Governor Tina Kotek signed a package of housing bills Wednesday designed to make homes more affordable by increasing supply and reducing development barriers across the state.

Speaking at a bill signing event in Woodburn, Kotek said expanding housing production is central to addressing affordability challenges.

“These bills represent another significant dose of progress on one of the most pressing issues we face as a state,” Kotek said.

The legislation is intended to streamline regulations and speed up housing construction for first-time buyers, seniors and residents across a range of income levels. The new laws give municipalities additional authority to expand urban growth boundaries and aim to make state funding more accessible for developers building mixed-income housing.

Kotek signs 6 bills focused on lowering housing costs and making it easier to build

WOODBURN Ore. (KPTV) – Oregon Governor Tina Kotek signed six housing bills on Wednesday, with several focused on reducing bureaucratic limits and making it easier to build different types of housing.

One bill, HB 4128, is significant because it prohibits institutional real estate investors from purchasing or offering to purchase a single-family home unless it has been listed for sale for at least 90 days. This law applies to groups that own 2,500 or more single-family homes and manage $1 billion dollars or more in assets.

Adds to a temporary UGB addition program an option for each city or Metro to also add to its urban growth boundary a site for manufactured dwellings, prefabricated structures or manufactured dwelling parks, or for housing that is predominantly for older persons and affordable for households with incomes not more than 120 percent of area median income.

For more detailed information, explore updates concerning Kotek signs bills.

For more news…