Oregon DFR Launches $2.47M Premium Assistance Program for Housing Providers
The Oregon Division of Financial Regulation has launched a $2.47 million Premium Assistance Program to support affordable housing providers facing rising insurance costs. This initiative, supported by Senate Bill 829, aims to sustain vital services for residents at or below 80% of the area median income in Oregon.
Key Signals
- Oregon DFR initiates $2.47M Premium Assistance Program for housing providers
- Funding available for shelters and affordable housing to combat insurance costs
- Key agencies involved: Oregon DFR, Department of Consumer and Business Services
"This is a positive step to address a large need we see in the insurance market as it relates to affordable housing."
The Oregon Division of Financial Regulation (DFR) has launched a $2.47 million Premium Assistance Program designed to help affordable housing and shelter providers offset rising insurance costs.
- This program provides a direct funding opportunity for providers, allowing them to receive grants that alleviate insurance-related expenses.
- Key agencies involved in administering this program include the Oregon Division of Financial Regulation and the Department of Consumer and Business Services.
- As demand for insurance coverage optimization increases, contractors and service providers in affordable housing insurance or risk management may see heightened opportunities.
- Interested organizations can reach out to the DFR via designated email and phone contacts for application processing and additional support.
"This is a positive step to address a large need we see in the insurance market as it relates to affordable housing." — TK Keen, Oregon Insurance Commissioner
Agencies
- Oregon Division of Financial Regulation
- Department of Consumer and Business Services
- State of Oregon