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Update on Housing Alliance Agenda; New Preservation Funds Still Progressing

The Housing Alliance issued an update on its 2011 Housing Opportunity Agenda, which includes dedicated funds for preservation projects. As budget negotiations begin in earnest, the $10 million preservation set-aside in the Governor’s budget continues to move forward and would be funded by Lottery Backed Bonds through House Bill 5005. The state’s May 12 revenue forecast predicting an additional $128 million for the biennium could help secure housing-related funds. While some additional items failed to pass out of their respective committees, many Housing Alliance agenda priorities, such as the extension of the Oregon Affordable Housing Tax Credit and revisions to the Farmworker Housing Tax Credit, continue to progress through the legislative process. Click here for the 2011 Housing Opportunity Agenda and here for the latest Housing Alliance update.

— Posted on 5/18/2011