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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.
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 ...
End of Session Forecast
June 3, 2019
The end of session revenue forecast was released by the State Economist on May 15, telling legislators how much money they can expect to bring in in the current biennium (2017-2019) and the next (2019-2021). Revenues for 2017-2019 are up $900M over the forecast issued just three months ago, and $2.4 billion more ...
HB 3427-A Passes
June 3, 2019
HB 3427-A is a commercial activity tax. Here’s what you need to know: HB 3427 Fact Sheet
REALTOR® Day at the Capitol Recap
April 11, 2019
Tuesday, April 2nd was a busy day at the Oregon Capitol! Thank you to the hundreds of REALTORS® from across the state for supporting REALTOR® Day at the Capitol. It was truly an incredible day filled with networking, education and advocating for homeownership and private property rights. We are very thankful for your commitment to the ...