Legislative News

Stay engaged and read the latest political news to learn about important issues that have an impact on private property rights and housing attainability.

SB 608 Updated Summary

November 25, 2019

We have updated the Senate Bill 608 Summary to help answer additional questions associated with the passing of statewide rent control. Senate Bill 608 ends no-cause evictions and limits annual rent increases to 7% + CPI after the first year of occupancy. It was signed by the Governor and took effect on February ...

HB 2001 and HB 2003: Helpful Resources and Update on Rule-making

November 12, 2019

In the 2019 legislative session, OAR supported two pieces of legislation aimed at increasing housing supply across Oregon: HB 2001 and HB 2003. HB 2001 requires cities with more than 25,000 people to allow for townhomes, duplexes, triplexes, quadplexes and cottage clusters on land zone for single-family use beginning in 2022, and requires cities with 10,000-25,000 people ...

Industry Leaders Partner for First-Annual Oregon Housing Economic Summit

November 5, 2019

Salem, Ore., November 5, 2019 – Associations representing Oregon’shome builders, bankers and REALTORS®are partnering for the first-ever Oregon Housing Economic Summit (“Summit”), taking place January 16, 2020 in Salem. The event brings leading housing industry experts, economists, and Oregon legislators together to discuss the state’s housing and economic environment and barriers facing the industry.

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Opportunity Zone Forum

November 4, 2019

Opportunity Zones were created by the Tax Cuts and Jobs Act of 2017. Investments in Opportunity Zones offer substantial tax advantages for investors while helping to transform low-income communities. Over 300 million dollars have already been invested in Oregon’s Opportunity Zones. Are you and your clients ready to learn how to take advantage of this new opportunity?

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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 ...