The Oregon Division of Financial Regulation announced on April 15 that it is now accepting applications for a new program to help affordable housing and shelter providers manage rising insurance premiums. The initiative follows the passage of Senate Bill 829 during the 2025 legislative session, which was identified as a priority by Governor Tina Kotek.
This effort aims to address concerns that increasing property and liability insurance costs are threatening the sustainability of affordable housing units and emergency shelters across Oregon. By offering financial assistance, state officials hope to ensure continued access to affordable housing and shelter beds for residents in need.
“We cannot afford to lose a single affordable housing unit due to unpredictable costs,” Gov. 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 legislature allocated $2,474,644 for grants through this program, which is available via an application process. Eligible entities include shelter providers, affordable housing providers, Project Turnkey sites, navigation centers, and local government entities currently operating in Oregon that serve individuals or families earning at or below 80 percent of the Area Median Income.
“This is a positive step to address a large need we see in the insurance market as it relates to affordable housing,” said Oregon Insurance Commissioner TK Keen. “We look forward to making an impact and stand ready to assist providers and shelters that are struggling to find affordable insurance.”
Application materials can be found on DFR’s website. For questions or concerns about the program, interested parties are encouraged to email DFR.housingpremiumassistance@DCBS.oregon.gov.
