SB 1567·OR·senate
Relating to mixed income housing; and prescribing an effective date.
EnactedFiled Feb 2, 2026
Sponsor: Khanh Pham (D)
Latest Action
Effective date, June 5, 2026.
Apr 6, 2026
Summary
The bill changes the mixed‑income housing financing rules so that any loan provided under the program must be subordinate to any existing or concurrently made private loan on the same property, unless the private lender consents. This affects developers and lenders working on mixed‑income housing projects by setting loan‑priority requirements. The amendment takes effect on June 5, 2026.
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