Wednesday, July 15, 2020
National Multi Housing Council Finds 12.4% of Renters Fail to Make Full or Partial Rent Payments by July 13
Monday, July 13, 2020
This week: The Oregon Court of Appeals ruled that Portland’s relocation ordinance does not conflict with the state ban on local rent controls; A new report finds that if Washington State enacts rent control, the result would be less housing, investment, and less tax income. Meanwhile, in Washington DC, a proposed law would ban evictions nationwide through March 2021.
Friday, July 10, 2020
Thursday, July 9, 2020
Tuesday, July 7, 2020
In May, the House of Representatives passed the HEROES Act, which included housing relief measures of $100 billion for emergency rental assistance.
According to Forbes Magazine, the HEROES act "currently sits in the Republican-controlled Senate where it was initially labeled 'dead on arrival'. But one of the provisions of the Act is to extend the $600 federal unemployment payments through January 31, 2021. That would provide a full six months for the economy to recover from the economic fallout of COVID-19."
Another proposal – and one more likely to gather bipartisan support – is the Worker Relief and Security Act. Proposed by Don Beyer (D-Virginia), it’s a more complex proposal, offering tiered benefit provisions.
Monday, July 6, 2020
Released in June, the study found rent control could reduce more than a year's worth of housing construction activity. The study is based in part on the findings of a 2019 Stanford study on rent control in San Francisco, which found the policy resulted in a 15 percent reduction of rental housing supply.
The study found that rent control could reduce housing built over the next decade by 15,000 units, with more than 75 percent of that loss in the central Puget Sound region. Read the study here.
Podcast host Jennifer Shuch interviews Derek Merrill, Co-Founder & CEO of LeaseLock, a lease insurance company that allows rental housing providers to accept renters without requiring a security deposit. LeaseLock currently insures more than $300 million in leases.