[Courtesty of Multifamily NW]
On July 17th the Portland Housing Bureau unveiled a plan to assess a $60 per-unit annual fee on market-rate units to fund the city’s rental housing initiatives.
It’s anticipated that this $60 per-unit fee proposal will be presented to Portland City Council on Wednesday, July 31st.
You're invited to attend the hearing at City Hall on July 31st and testify against the city’s continued pursuit of untested and unfunded policies. This fee will cost the typical 75-unit apartment building $4,500 per year. Portland City Council’s policies continue to drive up the cost of existing housing while showing little to no results in creating affordable housing for everyday Portlanders.
Further details about this proposal will not be confirmed until Friday, July 26th, the last day possible the city is required to publish the following week’s city council agenda and share the proposal language.
Portland anticipates collecting 60% of assessed fees during the first year and has prepared this preliminary budget.
The fee would be used to cover the rental services office and to:
- Provide resources for maintenance costs for an expanded rental registration system
- Adjusted annually to account for inflation or deflation
- Regulated affordable housing at 60% AMI and below will be exempt
HFO urges you to contact your council representatives with your thoughts and concerns. We will forward additional information as it becomes available.
Mayor Ted Wheeler
Commissioner Nick Fish
Commissioner Chloe Eudaly
Commissioner Jo Ann Hardesty
Commissioner Amanda Fritz