The latest news of interest to multifamily housing investors in Oregon and Washington.
Build Your Legacy with HFO.
Monday, January 7, 2019
7% Cap on Rent Increases, No-Cause Eviction Ban Included in Proposed Legislation
The Willamette Week reports that Oregon Senate Majority Leader Ginny Burdick, House Speaker Tina Kotek, and Senator Laurie Monnes Anderson plan to propose legislation at the upcoming session that would cap rent increases at 7% per year (plus inflation) and ban no-cause evictions after the first year of tenancy. The new rent cap would only apply to buildings that are at least 15 years old. Read more.