The House Committee on Housing and Homelessness convened on March 12, 2025, to discuss House Bill 3746, a proposed measure aimed at addressing Oregon's affordable housing crisis. Bjorn Beier, a consultant specializing in affordable housing, presented key arguments in favor of the bill, emphasizing its potential to create new housing supply without burdening taxpayers.

Beier highlighted three main reasons why House Bill 3746 is crucial. First, it aims to incentivize the construction of new affordable housing units through private investment, addressing a significant decline in condo production—from 6,000 units annually to just 300. He argued that increasing the availability of condos is essential for meeting the state's housing production goals and promoting environmentally friendly homeownership options.

Second, Beier noted that the bill is revenue neutral, meaning it would not impose additional costs on taxpayers during a time of budget uncertainty. This aspect is particularly important as the state navigates financial challenges.

Lastly, Beier pointed out the ongoing preservation crisis in affordable housing, where many housing authorities and nonprofits are forced to sell off their assets. He shared his experience in successfully converting apartments into affordable condos, providing opportunities for first-time homebuyers at accessible price points. This model not only preserves affordable housing but also offers down payment assistance to residents, allowing them to purchase homes without public funding.

The committee's discussions underscored the urgency of addressing Oregon's housing challenges, with House Bill 3746 positioned as a vital step toward sustainable solutions. The committee members expressed their support for the bill, recognizing its potential impact on the state's housing landscape.