Digest: This Act allows DAS to designate certain state and local lands within UGBs as home start lands for low cost housing. Home start lands are exempt from certain land use laws and exempt from property taxes for up to five years. (Flesch Readability Score: 72.7). [Digest: This Act allows DAS to designate state lands for homes for sale to first-time home owners and OHCS to designate locally identified land for homes for sale to lower income home owners. Designated lands are exempt from land use laws and, for five years, exempt from tax based on the value of the land. (Flesch Readability Score: 61.9)] Allows designation by the Oregon Department of Administrative Services of certain state-owned and locally nominated lands within an urban growth boundary as home start lands to be used for affordable housing. Exempts home start lands from [statewide] local land use laws. [Requires that the Home Start Lands designated by the Housing and Community Services Department be used for affordable housing. Requires that the Home Start Lands designated by the Oregon Department of Administrative Services be developed for housing by the department and sold to first-time home buyers under a lottery-based prioritization system.] Allows the department to transfer state-owned home start lands to a developer exempted from ordinary transfer processes once the lands are subject to an affordable housing covenant. Establishes the Home Start Lands Fund to implement the program and to provide loans and grants to develop affordable housing on home start lands. Allows the department to collaborate with the Housing Accountability and Production Office and requires collaboration with the Department of State Lands to implement the program. Exempts [dwellings created on] home start lands from property tax assessments [on the value of the land] for a period of up to five years [following the sale to a homeowner] under certain conditions. [Applies to property tax years beginning July 1, 2028, and before July 1, 2034.].