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Bill Establishing New Oregon Homeownership Goals Heads to Kotek

  • The Oregon Senate passed House Bill 2698 on May 20, 2024, with a 23-6 vote to set new homeownership goals statewide.
  • Legislators proposed a bill aiming to increase the proportion of homeowners in Oregon to 65% by the year 2030, in response to the state’s low ranking of 39th nationally and widespread housing shortages.
  • The bill directs Oregon Housing and Community Services to develop an interactive platform that monitors homeownership progress statewide, incorporating data on racial and ethnic disparities to help address ownership inequalities.
  • Homeownership rates in Oregon differ among racial groups, with 67% of white residents, 62% of Asian residents, 30% of Black residents, 47% of Hispanic residents, and just over half of Native American residents owning homes.
  • With over 242,000 low-income households and a shortfall of affordable units, the bill’s passage signals state efforts to improve housing access, but some lawmakers urge policy changes to increase supply.
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Oregon bill, headed to governor, sets homeownership goals by 2030

Saying homeownership is crucial to building wealth and stability, Oregon lawmakers want more than 30,000 more Oregonians to own homes by 2025. The Oregon Senate on Tuesday in a 23-6 vote passed House Bill 2698, which would create a state…

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Oregon Capital Chronicle broke the news in on Wednesday, May 21, 2025.
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