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Bill, grant aim to boost affordable housing
Friday, February 27, 2009 | No comments posted.
SALEM (AP) — The Oregon Senate has approved a bill to set up a kitty for affordable housing, using money from an increase in recording fees for real estate documents.
The bill increases the $11 fee to $26. It would raise $15 million during the 2009-11 biennium and $26 million for the following two-year period.
As the bill passed Thursday, the Oregon Housing and Community Services Department announced it had been awarded a $5 million grant from the Chicago-based MacArthur Foundation to help with low-income housing.
At a news conference, Sen. Betsy Johnson, a Scappoose Democrat, said it was a “great day for affordable housing.”
She says the bill and grant will help to create jobs and secure housing for families.
The bill increases the $11 fee to $26. It would raise $15 million during the 2009-11 biennium and $26 million for the following two-year period.
As the bill passed Thursday, the Oregon Housing and Community Services Department announced it had been awarded a $5 million grant from the Chicago-based MacArthur Foundation to help with low-income housing.
At a news conference, Sen. Betsy Johnson, a Scappoose Democrat, said it was a “great day for affordable housing.”
She says the bill and grant will help to create jobs and secure housing for families.
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