Oregon Lottery Revenue Bond sale generates $140.1M for affordable housing and more

SALEM, Ore. (KTVZ) -- Oregon's recent Lottery Revenue Bond sale successfully generated $140.1 million this month, providing crucial funding for statewide affordable housing, behavioral health facilities, food assistance, and emergency preparedness programs. The sale was facilitated through the Treasury's Buy Oregon Bonds Program.

The $140.1 million in proceeds are designated for capital improvement projects that support the preservation of affordable housing, water and housing infrastructure development, and food assistance services production and warehouse facilities. The funds will also benefit the Central Oregon Ready, Responsive, Resilient program. The bonds were issued in two series, Series A as tax-exempt and Series B as federally taxable, offering flexibility to meet different financing needs and attract a broader range of investors.

Oregon State Treasurer Elizabeth Steiner highlighted the impact of the bond sale on vital state initiatives. "These bonds will fund buildings and other capital needs for vital programs that will give more Oregonians a place to call home, help more people recover from substance use or mental health issues and get food to hungry families," Steiner said. "I'm glad our financial strength enables us to issue these bonds at favorable rates, so more money goes toward programs."

Oregon's strong economic position, coupled with the Treasury's careful management of state debt, has ensured the Oregon Lottery's credit ratings remain steady and solid. This has resulted in favorable interest rates, even amid market fluctuations, saving the State of Oregon millions of dollars in interest costs over time. This also allows for greater flexibility with the management of state debt.

The Lottery Revenue Bond offering was the first of several planned sales by the Treasury. A general obligation bond sale totaling $685 million is scheduled for the week of June 1st, featuring Series A (Tax-Exempt), Series B (Taxable – Sustainability Bonds), and Series C (Tax-Exempt) offerings.

Additional bond offerings are planned for Spring 2026, including Mortgage Revenue Bonds from Oregon Housing & Community Services and Veterans' Welfare GO Bonds. Summer 2026 will see further Oregon Revenue Bonds and more Mortgage Revenue Bonds from Oregon Housing & Community Services.