Stop Second-House Subsidies

Oregon is subsidizing vacation properties, while first-time homebuyers are priced out.

Today, Oregonians can claim the Oregon mortgage interest deduction not only on their primary home, but also on vacation properties. In the midst of a statewide housing shortage, the State of Oregon is subsidizing the ownership of homes that remain vacant for much of the year. This costs the state $18-20 million every biennium, even as first-time homebuyers face record home prices, high interest rates, and little to no state support to overcome the down payment barrier.

The result is a tax policy that prioritizes additional property ownership over supporting new homeowners, missing an opportunity to strengthen household stability, financial security, and community resilience.

A bill before the Oregon legislature (HB 4136) would fix this:

• ✅ End the mortgage interest deduction for vacation properties
• ✅ Protect the deduction for your primary residence
• ✅ Redirect $9-$10 million per year to proven down payment assistance programs
• ✅ Help first-time and first-generation Oregonians buy their first home

📧 Send a message to legislative leaders urging them to support HB 4136.

Your legislators need to hear from you. It takes just 2 minutes to send this message, and every voice matters.