The latest news of interest to multifamily housing investors in Oregon and Washington.
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Wednesday, November 9, 2016
Chloe Eudaly, Running on Rent Control Platform, Defeats Steve Novick in Surprise Upset
The Oregonian reports that in a City Council race that ended up being tighter than anticipated, newcomer Chloe Eudaly has defeated incumbent Steve Novick. Novick had bested Eudaly in the primary by 28 percentage points, but conceded last night when the polls closed at 8 pm, at which point it was clear that Eudaly had received enough votes to win the race. Eudaly's signature platform is rent control and tenant protections, and she has written and spoken extensively about Portland's affordability crisis. Read more.