The latest news of interest to multifamily housing investors in Oregon and Washington.
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Thursday, March 30, 2017
House Bill to Lift Rent Control Ban & Require Relocation Fee Approved by Committee
The Oregon State House Human Services & Housing Committee voted 5-4 to approve a revised bill that lifts the statewide ban on rent control and imposes relocation fees for no cause evictions. Now that the bill has been finalized in committee, it will proceed to the House floor for a vote. Revisions made by the committee include an exemption of units less than five years old from any local rent control measures, as well as a reduction in the amount of relocation assistance landlords are required to pay to the equivalent of one month's rent, rather than three months. Read more.