The latest news of interest to multifamily housing investors in Oregon and Washington.
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Wednesday, April 5, 2017
Legislation Lifting Rent Control Ban, Eliminating No Cause Evictions Passes OR House
House Bill 2004 passed the Oregon House of Representatives 31-27 on Tuesday. The bill does not establish any specific rent control policies, but would allow local municipalities to enact rent ceilings. It also bans landlords who rent more than four units from issuing no-cause evictions to month-to-month tenants after their first 6 months of renting. Rep. Bill Kennemer of Oregon City described the bill as "well-intentioned" but also noted that it "does not build a single apartment unit." It will now go to the Senate, where it is expected to get a hearing. Read more.