January 2016 Newsletter

2016 Legislative Session Starts Next Week!


The Oregon Housing Alliance
The short session, which happens every even-numbered year, runs for just over one month and is incredibly fast-paced. But NP staff and the Oregon Housing Alliance have a lot planned. The main goals are to: 
  • Protect renters
  • Produce affordable homes
  • Preserve existing affordable housing
  • Prevent and end homelessness
Check out the session preview and the full agenda from the Housing Alliance.

Feb 1. is the beginning of the legislative session and a critical time for two housing hearings. We've put together an easy-to-use tool for you to contact the relevant committees:
Submit Testimony by Feb. 1 at 3pm
The Oregon IDA Initiative 
Building upon 2015’s exciting and successful legislative session, the Oregon IDA Initiative identified a few minor changes needed to the legislation.  On the program management side, this includes adjusting language around the IDA Initiative's connection to the 529 mechanism in order to ensure our partners' ability to leverage both programs. The second fix seeks to reinstate a limit on donations that qualify for the tax credit, which will ensure the stability of our donor base in the years to come.

What's Interesting at NP

  • The tax credit that funds the Oregon IDA Initiative was renewed and extended for six years in the 2015 legislative session. With the renewal, legislators lowered the tax credit rate to a 70% maximum as well as giving NP more options for how the tax credits are sold. In order to prepare for some of the changes, tax credit sales will begin on May 2 this year. More details to come about how credits will be sold. 
     
  • How Children’s Savings Accounts Will Reshape Oregon’s Future. Oregon’s Children’s Savings Accounts (CSA) campaign is at an important moment as it rallies community leaders and decides what specific model of CSAs will benefit Oregon communities the most. Big things are in store for CSAs in the coming months.
     
  • The Corporation for Enterprise Development’s (CFED) Assets & Opportunity Scorecard was released on Monday. The news isn’t rosy for Oregon. However, we know that there are steps we can take and that working together we can remove the barriers to opportunity that persist.
     
  • From Grandmothers to Banks: The Future of Oregon Credit Building and IDAs. The Assets & Opportunity Scorecard highlighted credit building as a significant need. Itzel Hernandez-Spehar covers Oregon’s credit building efforts as they relate to a new pilot in the Oregon IDA Initiative. 

In the News:

Seeing this newsletter for the first time?
Subscribe now
     
Facebook
Facebook
Twitter
Twitter
Website
Website
Instagram
Instagram
Tumblr
Tumblr
Copyright © 2016 Neighborhood Partnerships, All rights reserved.

 
Email Marketing Powered by Mailchimp