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What is Senate Bill 51?

Passed by the Oregon Legislature in 2025, Senate Bill 51 provides $3.3 million to strengthen property and asset management capacity at Oregon’s affordable housing properties. Oregon Housing and Community Services is contracting with HDC to deploy these crucial property stabilization dollars.

Strengthening property management. Some of the funds will be granted to nonprofit corporations, federally recognized Indian tribes in this state, local governments and housing authorities for the purpose of “improving occupancy rates, expediting move-ins, preventing evictions, reducing residential turnover and enhancing the well-being of residents in affordable housing projects.”

Providing asset management training. Another portion of the funds will be used to provide asset management training to nonprofit corporations, federally recognized Indian tribes in this state, local governments and housing authorities that own affordable housing.

Read Traci Manning’s September 8 blog post to learn more about what the funds are for and what we know, today, about the deployment path ahead.

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