OR| Oregon Permanent Administrative Order ID 3-2026 (effective April 1, 2026), issued by the Department of Consumer and Business Services under Chapter 836, adopts eight new administrative rules (OAR 836-200-0700 through 836-200-0735) establishing the Affordable Housing Premium Assistance Program pursuant to Senate Bill 829 (2025) — a temporary program designed to reimburse eligible public, private, and nonprofit entities (including affordable housing owners/operators, shelter locations, Project Turnkey sites, and navigation centers) for property and liability insurance premiums on qualifying properties, with payments capped at the lesser of 40% of total annual premiums paid or $30,000 per entity, prioritized based on financial distress indicators (e.g., insurance costs exceeding 20% of non-staff operating costs, negative cash flow, loans in arrears), and distributed through a 60-day initial application window requiring documentation such as insurance policy declarations, proof of premium payments, and legal attestation, with the department reporting annual program metrics to the Oregon Legislature including total funds disbursed, units preserved, and administrative costs as a percentage of program expenditures.
Home » Bulletins » Oregon Launches New Insurance Premium Assistance Program for Affordable Housing Providers — Effective April 1, 2026