Monday, September 30, 2019
HFO-TV: Federal Judge Orders Mayor Wheeler, Commissioner Hardesty to Appear in Court if Council Fails to Comply
City of Portland Better Housing by Design plan for Apartment Buildings - Public Hearing Oct. 2, 3 pm
The Better Housing by Design project is part of a broader Housing Opportunities Initiative that includes the residential infill project and a new anti-displacement action plan effort.
The public hearing is scheduled for 3 pm on Wednesday, October 2nd at Portland City Hall. Three hours have been allotted for the hearing. Discussion and vote will take place at a subsequent council meeting.
Want to comment but can't make the hearing?
Testimony may be submitted online through October 2nd using the online map app.
Thursday, September 26, 2019
Monday, September 23, 2019
Washington Post Editorial Board: Populists Are Wrong, Rent Control Does Not Help Cost-Burdened Renters
This week: Portland Mayor Ted Wheeler announced that the city will be investing $115.3 million from the city's housing bond in 9 new projects; the Southwest Corridor MAX Line's steering committee will meet to discuss a handful of planning and budgeting issues that have arisen; a new working paper published by Harvard's Joint Center for Housing Studies highlights the steep decline in the number of affordable rental units nationwide.
Wednesday, September 18, 2019
|Tien Nguyen, Nick Quandt and Rachel Reuter|
Each year, the Business Journal ranks the most generous corporate philanthropists in four categories. For years HFO has ranked among the top 25, but this year marks the third time HFO has been in the top 10 for area businesses with annual revenue of $10 million or less.
HFO regularly contributes to charity for each transaction in the client’s honor. We created a corporate matching fund that makes annual year-end donations to nonprofits selected by brokers and staff.
HFO’s top charities in 2018 were:
$5,000 - Outside In
$5,000 - Morrison Child and Family Services
$1,000 - Meals on Wheels
For 2019 HFO’s top charities are:
$5,000 - Face 2 Face Portland
$5,000 - Girls Inc.
Pictured here (L-R) Rachel Reuter and Donna Brunner.
Below: (L-R) Stephen Wendt and Rob Stigle.
Monday, September 16, 2019
This week: Oregon’s Congressional representative Earl Blumenauer issues a call for federal action to address the housing crisis; CityLab reports that housing construction in all major US metros stalled out in the last decade; California passes statewide rent control.
Thursday, September 12, 2019
The President of the National Multifamily Housing Council, Doug Bibby, issued the following statement in response:
"The most effective way to fix California’s housing crisis is by building more housing across a range of price points and AB-1482 makes that harder to do. After Californians overwhelmingly rejected the rent control ballot initiative less than a year ago, lawmakers today went against their constituents by passing a measure that will discourage investment, shrink the availability of affordable housing that already exists and squeeze even more people struggling in the housing market. This makes the problem worse. The housing affordability crisis is real, real Americans are being harmed by it every day and we need real solutions – not restrictive policies that we know don’t work.”
Tuesday, September 10, 2019
The report indicates that 328,000 new apartment homes are needed each year to meet demand, but producing that housing requires new approaches to development, more incentives, and fewer restrictions.
Recent apartment construction has contributed more than $150 billion to the national economy and created 752,000 jobs.
Areas with high to moderate barriers to new apartments include Seattle and Portland.
- All four sectors of the industry have posted very strong growth, punctuated by the construction industry ramping up to meet the unprecedented demand for apartments this cycle – reaching a height of 346,900 completions in 2017, up from 129,900 in 2011.
- Previous research by Hoyt Advisory Services found that we need to build an average of 328,000 apartments per year at a variety of price points to meet existing demand, which would bring continued economic activity. This number of multifamily completions has only been surpassed twice since 1989.
- Hoyt research also found that a significant portion of the existing apartment stock will need to be renovated in the coming years, boosting spending in the renovation and repair sector.
- The combined contribution of apartment construction, operations, renovation, and resident spending equals $3.4 trillion per year, or more than $9.3 billion daily.
Monday, September 9, 2019
Despite Evidence That It Improves Returns, Commercial Real Estate Industry Lags on Diversity and Inclusion
This week: King County Washington plans to divert nearly $100 million to affordable housing over the next 20 years without raising taxes; Sacramento, California passes a rent control measure; and almost two-thirds of Portland residents say they have no input into city decisions that are important to them.
Tuesday, September 3, 2019
This week: a survey of Portland residents find that 61% do not feel like they have a say in city decisions that are important to them; a new law in Washington could allow King County to divert nearly $100 million to affordable housing projects over the next 20 years without raising taxes; and Portland and Seattle are in the top 10 among cities with the highest shares of residents with college or professional degrees.