$500 Million Housing Production Bill Proposed

Photo: Ford, Brad

Governor Tina Kotek announced a broad coalition supporting her housing production bill, which is building momentum in the 2024 legislative session. Senate Bill 1537 received its first hearing this morning before the Senate Committee On Housing and Development. The coalition includes workers, business, community-specific organizations, housing providers, tenants, advocates and more, listed below.

“This coalition has spoken loud and clear: the status quo is not working for Oregon families, workers, employers, and households that are struggling with housing insecurity,” Governor Kotek said. “I commend Senate President Rob Wagner, Senator Kayse Jama, and all of the housing champions in the legislature for taking this issue head on, and I am resolved to see progress for Oregonians this session.”

The Governor testified in favor of Senate Bill 1537 on Thursday, emphasizing the urgent need to increase housing supply, affordability and climate incentives. More than 150 stakeholders submitted testimony in support of the bill, citing specific benefits of the measure to housing providers, tenants, workers, underserved communities and more.

“Workforce housing is in short supply, and rent prices are untenable for our workers; many of whom can’t afford the basics like food and gas after paying rent,” said Melissa Unger, Executive Director of SEIU Local 503. “We are looking to state leaders to ensure that all Oregon families have access to a place they can call home without having to put in jeopardy their ability to pay for food, childcare, health care, etc. Senate Bill 1537 is a critical step to making that possible.” 

“Our members have been telling us for years that one of their top workforce challenges is the lack of supply and exorbitant cost of workforce housing,” said Scott Bruun, VP of Government Affairs at Oregon Business and Industry. “Housing supplies are insufficient at every level, including middle-market workforce housing. This problem not only hurts employees or potential employees in Oregon, it also hurts the employers who cannot attract or retain the workers they need. Simply put, our workforce housing crisis hurts the competitiveness and severely hamstrings the potential growth and success of Oregon businesses. SB 1537 gets at the core of this problem.”

“We believe this bill takes important steps to address Oregon’s longstanding housing production shortfall,” said Cameron Herrington of the Oregon Housing Alliance. “High rates of homelessness, as suffered by some 18,000 Oregonians, result from high rents and low rental vacancies. Both of those factors are largely attributable to an under-supply of housing.”

"It is time to take the housing crisis seriously and act accordingly," said Ernesto Fonseca, CEO of Hacienda CDC. "This bill will generate opportunities for housing and prosperity for all Oregonians. We need all types of housing for every stage of life for every family. Senate Bill 1537 will pave the way."

More details on the bill can be found here.

Source: Oregon Governor's Office


Sponsored Content

Sponsored Content