HB4036 creates $100M affordable housing bond fund and reporting requirements

Oregon Legislative Events

Published April 7th, 2026

Detected April 8th, 2026

Summary

Oregon enacted HB4036 on April 7, 2026, establishing the Housing Opportunity, Longevity and Durability Fund with $100 million in Article XI-Q bonds for the 2025-2027 biennium. The Oregon Housing and Community Services Department (OHCS) will use these funds to preserve affordable housing at risk of loss. The law also requires OHCS to submit a report to Legislative Assembly housing committees by December 1, 2026, identifying legal and policy barriers to affordable housing production.

View original document View source feed page

What changed

Oregon HB4036 establishes a new $100 million bond fund dedicated to preserving affordable housing at risk of loss. The legislation creates the Housing Opportunity, Longevity and Durability Fund, authorizes the State Treasurer to issue Article XI-Q bonds during the 2025-2027 biennium, and designates OHCS as the administering agency. The law also mandates a stakeholder-informed report on legal and policy barriers to affordable housing production by December 1, 2026.

Affected parties including housing developers, affordable housing operators, community development organizations, and local governments should prepare for new funding opportunities through OHCS and potential policy changes identified in the December 2026 report. The emergency declaration means the law took effect immediately upon signature, requiring rapid implementation planning by state housing agencies.

What to do next

OHCS must prepare and submit a report on affordable housing barriers by December 1, 2026
State Treasurer must prepare for issuance of $100 million in bonds for the Housing Opportunity, Longevity and Durability Fund
Affordable housing developers and nonprofits should monitor OHCS fund implementation guidance

Source document (simplified)

ChangeBridge / Oregon / HB4036 Signed by Governor HB4036 House Bill Signed by Governor 2026-04-07

Relating to affordable housing; and declaring an emergency.

This Act sets up a bond fund to preserve low-cost housing and requires OHCS to report on low-cost housing barriers. (Flesch Readability Score: 63.8). Establishes the Housing Opportunity, Longevity and Durability Fund to deposit Article XI-Q bonds to be used by the Housing and Community Services Department to preserve affordable housing at risk of loss. [Authorizes the State Treasurer to issue $100 million in bonds for the fund for the 2025-2027 biennium.] Requires the department to, with input from stakeholders, report to the interim committees of the Legislative Assembly relating to housing on or before December 1, 2026, on legal and policy barriers to affordable housing production. Declares an emergency, effective on passage.

Bill Details

State Oregon

Session 2026 Legislative Measures

Chamber House

Official Source olis.oregonlegislature.gov/liz/2026R1/Meas...

LegiScan View on LegiScan

Action History

2026-04-07 H Governor signed. 2026-03-10 S President signed. 2026-03-10 H Speaker signed. 2026-03-06 S Third reading. Carried by Pham. Passed. Ayes, 22; Nays, 7--Drazan, Girod, Linthicum, Robinson, Starr, Thatcher, Weber; Excused, 1--Hayden. 2026-03-05 S Second reading. 2026-03-05 S Recommendation: Do pass the B-Eng. bill. 2026-03-04 S Referred to Ways and Means. 2026-03-04 S First reading. Referred to President's desk. 2026-03-04 H Third reading. Carried by Marsh. Passed. Ayes, 44; Nays, 12--Boshart Davis, Cate, Elmer, Harbick, Helfrich, Lewis, Osborne, Reschke, Scharf, Skarlatos, Wallan, Yunker; Excused, 3--Hartman, Levy B, Valderrama; Excused for Business of the House, 1--McIntire. 2026-03-03 H Second reading. 2026-03-03 H Recommendation: Do pass with amendments and be printed B-Engrossed. 2026-03-02 H Returned to Full Committee. 2026-03-02 H Work Session held. 2026-03-02 H Work Session held. 2026-02-25 H Assigned to Subcommittee On Capital Construction. 2026-02-12 H Referred to Ways and Means by prior reference. 2026-02-12 H Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Ways and Means by prior reference. 2026-02-10 H Work Session held. 2026-02-03 H Public Hearing held. 2026-02-02 H Referred to Housing and Homelessness with subsequent referral to Ways and Means. 2026-02-02 H First reading. Referred to Speaker's desk.

Votes

2026-02-10 House Committee Do pass with amendments and be referred to Ways and Means by prior reference. (Printed A-Eng.) Yea: 12 Nay: 0 2026-03-02 House Committee Do pass with amendments to the A-Eng bill. (Printed B-Eng.) Yea: 21 Nay: 0 2026-03-04 House Third Reading Yea: 44 Nay: 12 2026-03-06 Senate Third Reading Yea: 22 Nay: 7

Committee Referrals

2026-02-02 H Housing and Homelessness 2026-02-12 J Ways and Means 2026-02-25 J Capitol Construction 2026-03-04 J Ways and Means

Amendments

2026-02-03 House Committee On Housing and Homelessness Amendment #-2 2026-02-05 House Committee On Housing and Homelessness Amendment #-2 2026-02-10 House Committee On Housing and Homelessness Amendment #-2 2026-03-02 Joint Subcommittee On Capital Construction Amendment #-A4 2026-03-02 Joint Committee On Ways and Means Amendment #-A4 Adopted

Bill Text Versions

0000-00-00 Introduced 0000-00-00 Introduced 0000-00-00 Engrossed 0000-00-00 Engrossed 0000-00-00 Engrossed 0000-00-00 Enrolled Legislative data powered by LegiScan (CC BY 4.0)