Relating to local rent control; declaring an emergency.

HB 3767 repeals Oregon's ban on local rent control, allowing cities and counties to require new multifamily buildings (with 20+ units) to include affordable housing. Specifically, it permits local governments to mandate that 20% of units in such buildings be affordable to households earning up to 80% of the area median income, or allow developers to pay an in-lieu fee instead. Developers may also receive incentives like fee waivers or tax breaks for including affordable units. The law applies only to new construction and does not affect buildings with permit applications submitted before the law's effective date.