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Stay engaged and read the latest political news to learn about important issues that have an impact on private property rights and housing attainability.
National Flood Insurance Program is set to expire on September 30, 2019
September 10, 2019
Without Congressional action, the National Flood Insurance Program is set to expire on September 30, 2019. NAR is working with Congressional leaders and the White House to secure a long-term reauthorization of NFIP before then. In the meantime, NAR has prepared this FAQ sheet to help answer any client questions about what this means ...
2019 Oregon Legislative Session Report
September 6, 2019
The 2019 Legislative session was one of the most consequential sessions in decades with major legislation effecting business taxation, private property rights and housing supply, among other issues.
In the 2019 Legislative Session Report we review the bills passed—and those that failed—with an impact on REALTORS® and Oregon’s Real Estate Industry. The report also discusses ways ...
REALTOR® Vikki Breese Iverson Represents House District 55
August 28, 2019
Congratulations to REALTOR® Vikki Breese Iverson for being unanimously appointed to represent House District 55. She was sworn into office on August 15, 2019 surrounded by family and friends. We are so excited to have her representing the real estate industry at the Capitol.
To learn more, Rep. Breese-Iverson Sworn-in Today Aug 13 ...
HUD to Announce Long-Awaited FHA Condo Rules
August 14, 2019
The U.S. Department of Housing and Urban Development is expected to release updated guidance tomorrow on FHA-insured condominium financing. The new rules should benefit your real estate clients and customers by allowing more buyers to obtain low down-payment mortgages on affordable housing options. Specifically, the new rules will:Extend FHA certifications on condo developments from ...
Qualified Opportunity Zones Toolkit
August 13, 2019
The National Association of REALTORS® is working with federal agencies, Congress, and community development groups to ensure that the Qualified Opportunity Zone (QOZ) program brings business opportunities for REALTORS®, as well as opportunities for them to be involved in the planning of new developments and businesses within zones. For this program to be a success, ...
Two More Banks Offer First-Time Home-Buyer Savings Accounts
July 24, 2019
The number of banks and credit unions offering the First-Time Home-Buyer Savings Account program is growing! Just this week the Oregon Bankers Association has identified three new organizations offering the program, which brings the total up to five. The newest additions are First Federal Savings & Loan of McMinnville serving Yamhill County and Willamette Valley ...
Housing Issues Take Stage in Final Days of Legislative Session
July 1, 2019
It was a busy weekend for the Oregon Legislature, which adjourned sine die on Sunday evening. The Senate Republicans returned to the capitol on Friday after spending nearly a week in protest of HB 2020, the carbon cap-and-trade bill that ultimately died due to lack of sufficient support in the Senate. One of the most significant bills ...
Legislative Update for Oregon Landlords – Passing of Senate Bill 970
June 21, 2019
On June 6, 2019, Governor Kate Brown signed into law Senate Bill 970. This Bill added new language to Oregon Revised Statutes (ORS) 90.303 as it relates to the criteria landlords may use to screen for criminal convictions of applicants for residency. Specifically, landlords may continue to screen for all prior drug-related crimes except for convictions ...
Major Housing Policy Bills Still Remain
June 3, 2019
There are several significant housing policy bills still in play after the legislature’s most recent committee deadline on May 24. HB 2001, which would allow for the development of duplexes, triplexes, quadplexes, cottage clusters and townhouses on land currently zoned for single family housing in cities with more than 25,000 people, awaits ...
NAR Legislative Recap
June 3, 2019
Earlier this month, a team of OAR members headed to Capitol Hill in Washington D.C. for the NAR Legislative Meetings & Trade Expo. During the week-long event, OAR members met with several Legislators including Senator Ron Wyden, Representative Earl Blumenauer and Representative Suzanne Bonamici. OAR would like to thank our Federal Political Coordinators for making ...