The Homeownership and Housing Opportunity Bill

Fact Sheet
March 5, 2019

The Homeownership and Housing Opportunity Bill (HB 3349) is a common-sense, effective response to Oregon’s statewide housing crisis. The bill strengthens homeownership and prevents homelessness, especially among children, without having to raise any new revenue — it simply invests current dollars more wisely and fairly.

Oregon’s housing crisis demands action

HB 3349 redirects $150 million to homeownership and homelessness prevention

Oregon’s biggest housing subsidy largely benefits those who don’t need help

HB 3349 is a modest, common-sense reform of the mortgage interest deduction

By investing our housing subsidy dollars where they are needed most, we can build Oregon communities that we're all able to afford to call home.