The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Tuesday, February 26, 2019
Oregon House Passes Rent Control Bill
The Oregon House of Representatives passed Senate Bill 608 with a 35-25 vote today. The bill's passage makes Oregon the first in the nation with a statewide rent control policy. It caps annual rent increases to 7% plus inflation, with exemptions for affordable housing and buildings less than 15 years old. It also restricts no-cause evictions. SB 608 will now go to Governor Kate Brown's desk for a signature. Read more.