Salem, Ore. — The Oregon Division of Financial Regulation is now accepting applications for a new grant program aimed at helping affordable housing providers manage rising insurance costs across the state.
The program was created under Senate Bill 829, passed during the 2025 legislative session, to help stabilize soaring property and liability insurance premiums that have increasingly threatened the viability of affordable housing and emergency shelter operations.
Backed by $2,474,644 in state funding, the initiative was a priority for Tina Kotek, who has emphasized the importance of preserving housing access amid escalating operational costs.
“We cannot afford to lose a single affordable housing unit due to unpredictable costs,” Kotek said. “Affordable housing providers and shelter operators take on unique risks. These funds will help to protect the progress we’re making on the ground to house and shelter Oregonians.”
The grant program is designed to offset a portion of insurance expenses for organizations providing housing or shelter services to individuals and families earning at or below 80 percent of the Area Median Income (AMI). Eligible applicants include shelter providers, affordable housing providers, Project Turnkey sites, navigation centers, and local government entities operating within Oregon.
State officials say the program responds to growing concerns that rising insurance premiums are straining providers and could ultimately reduce the number of available housing units and shelter beds.
“This is a positive step to address a large need we see in the insurance market as it relates to affordable housing,” said TK Keen, Oregon’s insurance commissioner. “We look forward to making an impact and stand ready to assist providers and shelters that are struggling to find affordable insurance.”
Application materials are available through the Division of Financial Regulation’s website. Questions about the program can be directed via email to DFR.housingpremiumassistance@DCBS.oregon.gov.
About the Author
Discover more from Right Now Oregon
Subscribe to get the latest posts sent to your email.
