The latest news of interest to multifamily housing investors in Oregon and Washington.
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Friday, September 30, 2016
White House Recommends Cities Rethink Construction and Zoning Restrictions
Politico reports that the Obama administration has published a "toolkit" for cities in an effort to combat housing shortages that contribute to rent increases. It takes particular aim at NIMBY attitudes that result in overly restrictive zoning policies and overly complicated permitting processes. Additionally, chairman of the Council of Economic Advisers Jason Furman argues that barriers to new construction are contributing to slower economic growth. Read more.