Digest: This Act makes Business Oregon lend money to build water or sewer lines or roads for homes in certain areas. (Flesch Readability Score: 63.8).
Requires the Oregon Business Development Department to establish a program to provide loans to cities and tribes to develop infrastructure to support housing in climate-friendly areas. Requires rulemaking for the program no later than July 1, 2026.
Establishes the Climate-Friendly Housing Infrastructure Revolving Fund. Continously appropriates moneys to the department to implement the program.
Declares an emergency, effective July 1, 2025.