Sunday, April 3, 2011

OHCS Maximum Admin Fee Bill Is Changing to Reduce Program Impacts.

I noticed that a previously scheduled hearing this week on a OHCS program "sustainability" bill is no longer appearing on the Oregon Legislature's agenda web site.  This is because OHCS is working to rework the bill to reduce the impact on unit production.

Earlier the bill had been changed in General Government Committee from an earlier version; the changed version of HB 2152 is HERE.

On the 4th day of Ways and Means subcommittee budget hearings at the end of March the OHCS Acting Administrator summarized changes that OHCS would like to make to the bill that would lessen the program impacts. On analysis OHCS now says they may need to only increase the max admin fee from 5% to 5.4%. For one of four programs mentioned the expected production reduction would be 2 units, not clear how many units in total this fund provides during the biennium.

I have excerpted a short 3 minute audio of that discussion from that Way and Means hearing and posted it HERE for downloading or listening to on line. OHCS makes it clear in the hearing that the decline in SF loan volume reduces the ability to subsidize other programs and coupled with declining state General fund money this makes it necessary for all programs to be self sustaining.

My understanding also now is that the maximum fee would be specified as part of the legislature's approval of the OHCS budget [and not by state Housing Council administrative action as I earlier reported]. 

Orginally created and posted on the Oregon Housing Blog

No comments:

Post a Comment