Relating to vacant home fees; prescribing an effective date.
Oregon bill imposing fees on long-term vacant residential properties to discourage housing vacancy and fund affordable housing initiatives.
Oregon bill imposing fees on long-term vacant residential properties to discourage housing vacancy and fund affordable housing initiatives.
SB 1095 establishes a fee structure for residential properties that remain vacant for extended periods in Oregon. The bill aims to discourage housing vacancy and generate revenue, likely to address affordable housing shortages and neighborhood blight associated with long-term vacant properties.
Vacant homes can decrease neighborhood property values, increase maintenance costs for municipalities, and reduce the available housing supply in markets with affordability crises. Revenue from these fees could fund housing programs or local services, while the fee structure itself may incentivize property owners to either occupy, rent, or sell vacant units.
Compiled from official sources — confirm details with the bill’s official record.
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