Tuesday, October 30, 2018
Monday, October 29, 2018
This week: The US Treasury released new guidance for Opportunity Zone investments, which could be good news for developers; two new ECONorthwest reports find that a statewide housing shortage is contributing to regional unaffordability and homelessness; and a new survey from California reveals that voters there don't necessarily see eye to eye with academics and politicians when it comes to housing issues.
Wednesday, October 24, 2018
General Election Information
Video Voters' Guide
State Elections Website
FAQ about Elections in Washington State MyVote
Seattle Times - Election 2018: What You Need to Know
The Stranger's Endorsements for the November 6, 2018 General Election
Seattle Times Editorial Board Endorsements
Spokesman Review - Editorial Endorsements
The News Tribune Endorsements
Ballot Measures - Washington
NBC - What Is Initiative 1631?
Spokesman-Review - Big Money Pours into Fight over Washington's Carbon Fee
News Tribune - Here's What Yes and No Votes Mean for the "Grocery Tax," Washington Initiative 1634
Spokesman-Review - Lopsided I-1634 Campaign, with Millions from Soda Industry, Blankets Airwaves
Spokesman-Review - Advisory Vote 19 Involves a Tax on Crude Oil
King5 - What Is Washington I-1639 on Gun Safety?
Olympian - I-1639: a Big Nudge to Safety for Gun Culture
King5 - What Is Washington I-940 on Police Use of Deadly Force?
KOMO News - Both Sides of I-940 Agree "Use of Deadly Force" Measure May Just Be First Step
KREM2 - Rep. Cathy McMorris Rodgers and Lisa Brown to go Head-to-Head in Nov. Election
Columbian - McMorris Rodgers, Brown Spar on Taxes, Economy, and Health Care in Second Congressional Debate
Spokesman-Review - Where 5th District Candidates Stand on the Issues
Columbian OPB - Poll Shows Herrera Beutler and Long in Virtual Tie in Race for Congress
Spokesman-Review - Cantwell, Hutchison Get Down to Details at Spokane Community College Debate
Spokesman-Review - US Senate Candidates Debate Taxes, Guns, Civility
The Olympian - A Midterm "Kavanaugh Bump?" Why All Sides Are Watching this Washington District
King5 - Washington State Legislature Races to Watch This Election
OPB - Legislative Landscape to be Decided by Washington Voters
Seattle Times - Washington's Legislature: Democrats Could Pick Up 4 GOP Seats in Senate
Seattle Times - Beyond Seattle, Legislative Candidates Try to Woo Voters with Plans to East Housing Costs
Local Races - Clark County
Columbian - Clark County Hopefuls Clash on Issues
Columbian - Sequel of Sorts for Lebowsky, Fox in Unusual Race
Columbian - Stewart, Lentz Give Voters Clear Contrast
Columbian - Vancouver City Council Hopefuls Discuss Housing
Local Races - Spokane
Spokesman-Review - Spokane County Commissioner Candidates Debate Housing, Public Safety, Economy
Spokesman-Review - Jeff Holy, Jessa Lewis Vying for Washington's 6th District Senate Seat
Spokesman-Review - Spokane County Treasurer Candidates Square off over Office's Role in Policymaking, Proper Investments
Tuesday, October 23, 2018
Monday, October 22, 2018
Meanwhile, could Portland's increasing rental regulations be contributing to the selloff in area homes? Read: "Homes For Sale Stack Up Across Portland Metro." [Note: prices are still increasing despite the additional homes being marketed.]
This week: Will Oregon's record low unemployment rate and increased hiring plans by employers put upward pressure on wages? The Portland metro area apartment vacancy rate remains relatively flat from a year ago according to a new report, and in Washington State, the legislature appears up for grabs in the midterm election which may result in rent control being taken up once again in the coming year.
Thursday, October 18, 2018
|(L-R) Aaron Kirk Douglas, Craig Wessel|
In a recently published article for the Sightline Institute Author Michael Anderson argues: "Portland should legalize apartment buildings near its future rail stations, then find offsets that ensure a meaningful number of those new homes are affordable to people who truly need to ride the train."
Wednesday, October 17, 2018
The metro-area rental vacancy rate has decreased slightly over the past six months, but the current 4.4 vacancy rate was basically unchanged from 4.37 percent one year ago.
Submarket vacancies were reported as follows:
Click here to view and download the full report.
Monday, October 15, 2018
Thursday, October 11, 2018
City of Portland: URM Signage Required on Private Buildings by March 1, 2019 | Commission Takes Up Renter Screening Proposal Tuesday 10/16/18
The signs are required to be durable 8”x10” placards with 50-point bold font lettering that are posted in a conspicuous location on the exterior at the main entrance stating:
This Building is an Unreinforced Masonry Building. Unreinforced Masonry Buildings may be unsafe in an event of a Major Earthquake.Timeline:
January 1, 2019 - publicly-owned buildings
March 1, 2019 – privately owned buildings
November 1, 2020 - non-profit buildings
Tenant Notification and Lease Notices
- Building owners must notify existing tenants that the building is an unreinforced masonry building, and that unreinforced masonry buildings may be unsafe in the event of a major earthquake.
- Every lease or rental agreement entered into or renewed after the timeline for placarding noted above, must contain the above statement.
- Building owners must record an agreement not to remove the placard and acknowledgment of compliance with tenant notification requirements.
Read more in The Mercury
REVISED RENTER SCREENING PROPOSALMeanwhile, the City of Portland Rental Services Commission will take up the issue of the Renter Screening Proposal once again on Tuesday, October 16, 2018, from 2:30-5 pm. Public testimony will be taken from 3:10 to 3:40 pm. The meeting will be held at the Portland Housing Bureau, 421 SW 6th Avenue, Suite 500, Portland, OR 97204. Read the fully revised September 27, 2018 draft.
Monday, October 8, 2018
This week: An 18-month review of the City of Portland inclusionary Housing Program leads the Housing Bureau to plan refinements to the program. The Portland City Council will vote Wednesday morning on an ordinance requiring owners of unreinforced masonry buildings to post signs stating the builds are unsafe. And the New York Times reports a national cool-down in the housing market as prices outpace wage growth.
The Portland City Council did not vote on October 3rd on the placard/notice issue. They are taking a vote on Wednesday, October 10th at 9:45 am at City Hall. Read the final draft here.
The Rental Services Commission (RSC) serves as the primary public forum for discussion of rental housing law and regulation, and renter-owner programs and services in the City of Portland. The group recently paused (for now) its plans to set up regulations on tenant screening and security deposits. However, this plan is expected to be discussed at a meeting rescheduled to Tuesday, October 16th - time TBA.
RSC meetings are open to the public and public testimony is invited. Agendas and meeting materials will be posted online here. For more information, visit www.portlandoregon.gov/phb/RSC. Click here to sign up for the Rental Services Commission email list to receive meeting notices and related updates.
Next meeting: Tuesday, October 16, 2018 [rescheduled from Weds. Oct. 10th]
Place: Portland Housing Bureau, 421 SW 6th Avenue, Suite 500, Portland 97204
This post updated September 25, 2018 with additional information.
This post updated again October 8th with the cancelation of its 10/10 meeting which was rescheduled to 10/16.
Friday, October 5, 2018
Thursday, October 4, 2018
- Annual rent increases are below 2%
- Concessions have increased by 2-3%
- Occupancy at delivery rates have fallen to 30%
Wednesday, October 3, 2018
Tuesday, October 2, 2018
Monday, October 1, 2018
This week: Metro Council is working now on plans to quickly allocate monies to build or preserve up to 3,900 units of affordable housing if a $516 million bond levy is supported by voters in next month's midterms; US Senator Elizabeth Warren proposes a federal bill that would raise estate taxes to bankroll a $500 billion fund for affordable housing.