In CommitteeFiled Jan 27, 2026
Sponsor: Rep. Bynum, Janelle S. [D-OR-5] (D)
Latest Action
Referred to the House Committee on Financial Services.
Jan 27, 2026
Summary
The bill directs the Secretary of Housing and Urban Development to set up a grant system that reimburses developers for up to half of the state and local taxes and impact fees they incur when building housing. To qualify, developers must have all required permits and a commitment from state and local governments to cut property taxes on the project by at least 50%. The program aims to spur affordable, mixed‑income and workforce housing, especially in high‑need and transit‑oriented areas.
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