Update: Legislature Subcommittee Approves Preservation Funds

On May 25, the state legislature’s Subcommittee on Transportation and Economic Development of the Joint Ways and Means Committee approved the budget for Oregon Housing and Community Services for the 2011-2013 biennium, including the $10.5 million in spending authority specifically for preservation projects. Advocates still await movement on the bill, HB 5005, that will provide the lottery-backed bonds to generate the funds.

— Posted on 5/31/2011