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SB 829 Oregon Senate · 2025 Regular Session

Relating to affordable housing; and declaring an emergency.

Summary
Requires the Department of Consumer and Business Services to establish a program to assist eligible entities in paying the costs of property insurance or liability insurance premiums for affordable housing, shelters and other facilities. Specifies requirements for eligibility for the program. Requires the department to report to an interim committee of the Legislative Assembly related to housing not later than December 15 of each year. Establishes the Affordable Housing Premium Assistance Fund and continuously appropriates moneys in the fund to the department to implement the department's program. Requires the department to study the feasibility of creating and operating a state reinsurance program or devising another solution to support price stability in the market for insurance to cover affordable housing. Declares an emergency, effective on passage.
Issues: ✓ HousingSupports HousingCreates Affordable Housing Premium Assistance Fund to fund insurance premiums for affordable housing facilities, directly advancing housing affordability and stability.95% confidence
Bill status signed all 5 stages cleared
Introduction
Jan 2025
Committee Review
Jun 2025
Senate Passage
Jun 2025
House Passage
Jun 2025
Signed into Law
Jul 2025
Introduced Jan 13, 2025 Signed Jul 24, 2025
Maddy AI version diff · 3 comparisons

What changed between versions

B-Engrossed → Enrolled · 5 edits · Jul 24, 2025
MODERATE
The bill was finalized from B-Engrossed to Enrolled status, adding a new Section 4 to provide initial funding and a new Section 4a to set a spending limit, while expanding the study requirements in Section 3 to include specific insurance market coverage analysis.
Scope change
The bill's scope expanded to include specific funding provisions and a spending cap, and the study requirements were broadened to include analysis of available insurance market coverages.
FISCAL

Added Section 4 appropriating $2,474,644 from the General Fund for the 2025-2027 biennium to the Affordable Housing Premium Assistance Fund.

Added Section 4a establishing a maximum spending limit of $2,474,644 for department expenses from non-lottery, non-federal revenues.

REQUIREMENT

Expanded Section 3 study requirements to include analysis of commercial, surplus lines, and Oregon FAIR Plan Association coverages available in the insurance market.

TIMELINE

Updated Section 3 reporting deadline to December 15 of each year with expanded reporting requirements on study progress and results.

TECHNICAL

Removed B-Engrossed header and summary section, replaced with Enrolled status and standard act formatting.

Floor votes · Senate Jun 18, 2025 · House Jun 24, 2025

How they voted

24–5
Passed · 1 other
Total votes 30
Jun 18, 2025
D Democratic18
17 Yea 1
94% Yea
R Republican12
7 Yea 5 Nay
58% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
26
Key actions
9
Committee
8
Jul 24, 2025
Signed into law
Governor signed.
upper
Jun 26, 2025
Lower · Passed
Speaker signed.
lower
Jun 25, 2025
Upper · Passed
President signed.
upper
Jun 24, 2025
Lower · Passed
Third reading. Carried by Marsh. Passed.
lower
Jun 19, 2025
Lower · Passed
Recommendation: Do pass.
lower
Jun 18, 2025
Committee
Referred to Ways and Means.
lower
Jun 18, 2025
Introduced
First reading. Referred to Speaker's desk.
lower
Jun 18, 2025
Upper · Passed
Third reading. Carried by Pham. Passed.
upper
Jun 16, 2025
Upper · Passed
Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.)
upper
Jun 10, 2025
Upper · Passed
Returned to Full Committee.
upper
Jun 6, 2025
Committee
Assigned to Subcommittee On Transportation and Economic Development.
upper
Apr 15, 2025
Committee
Referred to Ways and Means by order of the President.
upper
Apr 15, 2025
Upper · Passed
Recommendation: Do pass with amendments and be referred to Ways and Means. (Printed A-Eng.)
upper
Jan 17, 2025
Committee
Referred to Housing and Development.
upper
Jan 13, 2025
Introduced
Introduction and first reading. Referred to President's desk.
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.