The latest news of interest to multifamily housing investors in Oregon and Washington.
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Tuesday, January 24, 2017
Proposal Would Require Landlords to Pay Moving Costs after No-Cause Evictions
Portland City Commissioner Chloe Eudaly and Mayor Ted Wheeler proposed a new emergency ordinance that would require landlords to pay relocation costs to tenants after no-cause evictions, or after raising rent by 10% or more over the course of a year. Depending on unit size, landlords could pay anywhere from $2,900 to $4,500 to affected tenants. If adopted, the ordinance would only remain in effect until October 2017, when the housing state of emergency ends. Read more.