[{"_1":2,"_100":-5,"_101":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6612225,"mediaKeyId","2891950-e69be27135a9064e9f3b640c7e583c1e","parentId",2891950,"title","Business Oregon briefs subcommittee on infrastructure fund balances, forecast model and demand for loans and grants","audioSeconds",802,"startMs",932925,"endMs",1735730,"viewUrl","/Search/View?dp=1&key=2891950-e69be27135a9064e9f3b640c7e583c1e&start=932&end=1735","thumbnailUrl","https://assets.pipeline.soar.com/2891950-e69be27135a9064e9f3b640c7e583c1e/thumbnail_932925.jpg","articleUrl","/articles/6612225/Oregon/Business-Oregon-briefs-subcommittee-on-infrastructure-fund-balances-forecast-model-and-demand-for-loans-and-grants","mediaUrl","https://secure.pipeline.soar.com/6612225-48e1b25ca08371eb0c02e0489893206b/orig.mp4?Expires=1770798631&Signature=j7d0KRHe~bERXxVQZasiBczAPoA74KnluSjG1HtiB9JYDbAv-je4Xzv5Bfe4v4o1lRhqsh7IC1x1bZ3wGfm9zlJSI-vfMxxngIodkK9-ow0nyNfpY1LX99DzozpWJIIo9IbsZFVLwAqVFs9oj9S7rNuOrcBmwnWzY~c7NcVgTgW9K9S1bxRN3ih6yQtZCQ7dYjKKMQHQo-5BK-LQB2dAMlx~RXZDO-~lFmgrnsHxSPB0GGyvZ11MfIuhmxgtSYoTdbDQfwlu~k2Rl8opfGFp7avL-l3uvzp56LwjVc-oLxp5GOwKbY9mHXgt3Wz1YWRBJRalE94~KnnJMJ1pDxLEBg__&Key-Pair-Id=KUT5TJCACFTXG","author","Oregon State Legislature","date","2025-04-07T00:00:00Z","article","Business Oregon staff told the Ways and Means Subcommittee on Transportation and Economic Development on April 7 that several infrastructure funds are under active demand and that some will require legislative recapitalization to sustain current award levels.

Ed Taber, Business Oregon’s infrastructure and program services director, said the department presented a forecast model covering multiple programs administered by the Infrastructure Finance Authority (IFA), including the Special Public Works Fund (SPWF), Port Revolving Loan Fund, Marine Navigation Fund, Brownfields funds and the Childcare Infrastructure Program. He described the model as a high-level spreadsheet and said staff are developing a more robust financial model with advisors.

Taber highlighted SPWF as the agency’s flagship program and said it mainly provides loans and below-market interest financing for municipally owned projects, including ports and special districts. \"There are approximately 70 projects drawing funds,\" Taber said, and the SPWF typically sees demand near $80 million per biennium. He said SPWF and other revolving loan funds generate revenue through repayments and interest earnings, and Business Oregon averages repayments and interest over a five-year period for forecasting.

On childcare infrastructure, Taber said House Bill 3005 allocated $50 million in lottery bonds to establish the Childcare Infrastructure Fund. Round 1 received 726 applications requesting roughly $280 million; about $10 million was awarded to 64 applicants (61 under contract) with $7.2 million drawn to date. Round 2 (about $15 million) was open and Round 3 (about $25 million) was expected to open in mid-summer, contingent on bond sales and legislative direction.

Taber said several programs show low or negative projected fund balances without new appropriations; he noted the Marine Navigation Fund and Port Revolving Loan Fund had not been recapitalized in over a decade. He added that some bond authorizations previously approved by the legislature will not be fully sold because existing cash balances can cover part of the awards.

Committee members asked for capitalization history and clarification that childcare bond dollars are restricted to fixed (capital) assets because they are lottery-backed. Taber confirmed lottery bond restrictions preclude use for operating costs and staff confirmed the childcare program funds immovable assets only.

Taber concluded by noting the IFA had funded $74 million of projects in the most recent biennium and $85 million in the prior biennium, indicating continued strong demand. He said policy option package requests (POPs) had been filed to recapitalize some funds and that awards without new legislative allocations would be limited where projected balances go negative.","mediaType","Video","parentTitle","Joint Committee On Ways and Means Subcommittee On Transportation and Economic Development 04/07/2025 3:00 PM","oneSentenceSummary","Business Oregon presented a high-level forecast of multiple infrastructure funds, highlighted demand for the Special Public Works Fund and childcare infrastructure bond rounds, and noted some funds would go negative without new legislative allocations.","taxTitle","Transportation and Economic Development, Ways and Means, Joint, Committees, Legislative, Oregon","taxId",20197,"location","Oregon","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6612230,"Business Oregon report on Housing Infrastructure Support Fund acknowledged; 24 planning applications under review",150,727040,877780,"/Search/View?dp=1&key=2891950-e69be27135a9064e9f3b640c7e583c1e&start=727&end=877","https://assets.pipeline.soar.com/2891950-e69be27135a9064e9f3b640c7e583c1e/thumbnail_727040.jpg","/articles/6612230/Oregon/Business-Oregon-report-on-Housing-Infrastructure-Support-Fund-acknowledged-24-planning-applications-under-review","https://secure.pipeline.soar.com/6612230-839cb0f56fa164fd4fc629a62cea3bca/orig.mp4?Expires=1770798631&Signature=Sds1lK9OjcX6iZ9vNl5C8lcdcT160C5x~jnvUwbiuDwak06wx645p5OPIpuG0rPM9-fD6czXOYGpeoO2ducn4Rw2TUQrSk9ZvJkJXK7Y9cjWCN-OGMYOXyTAIY9esHJuGD~PCOZzkG6pzBMuBmQxJO1uLqMBQc3YctaUlmZdZxIQTuSScOexTGvInrCZQ2r5r3FgrOvQHpsetOy0uRVp3ogrwsqgQXuIQTwNk4gdpbhDjt79L2HHb2YFaKdLTB7WR6HTnVa05Bgr0ZkkJJZgib8U8eOTpFbvyjgl9-0iyoaEZSYtNxJJ2005PDA4eQ3Vwa5P-aZwA7kiVHTordlpKw__&Key-Pair-Id=KUT5TJCACFTXG","The Ways and Means Subcommittee on Transportation and Economic Development acknowledged a Business Oregon report on the Housing Infrastructure Support Fund, prepared under a budget note in House Bill 1537.

Ed Taber of Business Oregon said the new program opened to applications and closed March 31. \"We received 24 applications for $2,500,000,\" Taber said, and the department anticipated being able to fund all applicants, subject to final eligibility and award determinations. The fund is intended to provide technical assistance and planning capacity to municipalities to plan infrastructure for water, sewer, sanitation, stormwater and transportation that will support housing at densities required by the statute.

Tamara Brickman of the Chief Financial Office recommended that the committee acknowledge receipt of the report; the Legislative Fiscal Office likewise recommended acknowledging receipt. A committee member moved to accept the LFO recommendation; the motion carried without objection and the subcommittee said it would carry the item to the full committee.

Taber said Business Oregon worked with other state agencies, including the Department of Land Conservation and Development and the Housing Accountability and Production Office (HAPO), to align program guidelines and housing production goals. He said additional funding rounds would depend on carry-forward of unspent funds and that the program’s available dollars were general fund appropriations.

No formal vote tally was recorded in the transcript; the motion to acknowledge the report carried by unanimous consent.","Business Oregon told the subcommittee it received 24 applications for the Housing Infrastructure Support Fund, totaling about $2.5 million in requests, and expects to fund all 24 pending eligibility review; the subcommittee acknowledged the report.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6612237,"Subcommittee accepts Business Oregon report on housing infrastructure funded under Senate Bill 1530",581,98865,680310,"/Search/View?dp=1&key=2891950-e69be27135a9064e9f3b640c7e583c1e&start=98&end=680","https://assets.pipeline.soar.com/2891950-e69be27135a9064e9f3b640c7e583c1e/thumbnail_98865.jpg","/articles/6612237/Oregon/Subcommittee-accepts-Business-Oregon-report-on-housing-infrastructure-funded-under-Senate-Bill-1530","https://secure.pipeline.soar.com/6612237-5bbe7d8ed757616735b1033380afdc0d/orig.mp4?Expires=1770798631&Signature=n7s-dHxXGYRxyXMfG~2ycxgGh9jo3gJdGUbCC0QbZZ0hrPHZCLn9rsOIeOGRT4dXGc~hcGrX3q8~yCi4rmNmABxc3YAXzwN9EF5TVQZ01Hs9UkDt5N5xDllK~Q2jb42lscB3lkewvl8e9PilDEJMI5R9khr5MoGM2KkS7N6cmwFfMdu3oRGlfjCdzE2kOjvelWXeKewIqBLCAf58xyPtYegn~f3l6eHlO-n~OoED7JYSQtsdM-22ATyxJSpYEacuvJIUpGC6PXxhh-6hzl3CrB-5I~FfieqvvxSI3q4J6so5nKkwdkySbuPw9XlnAujZIhddQ4tylVBqVHyMoksxAA__&Key-Pair-Id=KUT5TJCACFTXG","The Ways and Means Subcommittee on Transportation and Economic Development on April 7 acknowledged a Business Oregon report on infrastructure projects funded under a budget note in Senate Bill 1530, accepting the report by unanimous consent.

Business Oregon’s infrastructure and program services director, Ed Taber, told the committee the report lists 44 projects, 39 of which are under contract. \"As of 03/17/2025, 13 projects have requested and received a total of $6,800,000 in reimbursements with $81,000,000 remaining to draw,\" Taber said. He added two projects — the City of Salem and the City of Tillamook — have been completed.

The report, prepared pursuant to a budget note in Senate Bill 1530, summarizes projects that focus on water, sewer and transportation systems necessary to facilitate housing development. Recipients estimate the projects could support approximately 27,000 housing units, Taber said, but committee members and staff characterized those estimates as aspirational.

Co-chair David Gomberg asked how the $88.9 million appropriated under the legislation had been leveraged. Taber said he did not have an immediate total for leveraged funds and offered to provide that information later. A committee member later moved that the subcommittee accept the report; the motion carried with no objection.

Tamara Brickman of the Chief Financial Office recommended the committee acknowledge receipt of the report. A Legislative Fiscal Office staff member also recommended acknowledging receipt and noted that, because Business Oregon funds projects on a reimbursement basis, LFO expects a carry-forward package in Business Oregon’s 2025–27 budget request to cover unexpended funds for projects not yet completed.

Committee members discussed timelines and implementation. Taber said most projects are progressing and that spring and summer would be a prime construction season for advancing planning projects into built infrastructure. He reiterated that some projects already have development agreements in place while others do not, and that the unit estimates therefore vary by project.

The committee recorded the report as received and indicated it would carry the matter to the full Ways and Means Committee for further review.","The Ways and Means Subcommittee on Transportation and Economic Development acknowledged a Business Oregon report showing 44 projects funded under a budget note in Senate Bill 1530, with $6.8 million reimbursed and an estimated capacity to support about 27,000 housing units.","actionData","errors"]

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Business Oregon briefs subcommittee on infrastructure fund balances, forecast model and demand for loans and grants

Business Oregon report on Housing Infrastructure Support Fund acknowledged; 24 planning applications under review

Subcommittee accepts Business Oregon report on housing infrastructure funded under Senate Bill 1530