The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Wednesday, September 9, 2020
Mayor Wheeler Announces Plans to Extend Eviction Moratorium, Lower Threshold for Relocation Assistance
In a press conference on Tuesday, Mayor Wheeler announced that he plans to implement a handful of emergency measures aimed at protecting renters during the ongoing pandemic. According to the Portland Housing Bureau, around 14% of renters in the city were unable to pay rent in July. Mayor Wheeler plans to issue an executive order to extend the citywide eviction moratorium to the end of the year. He will also put forward an emergency order that would require landlords to pay relocation assistance if they raise the rent by any amount. Currently relocation assistance is only owed when property owners increase rent by at least 10%. Wheeler will also allocate $500,000 to housing stabilization programs in East Portland. Last month, regional government agencies allocated $29 million in rental assistance to households that have been impacted by the pandemic. Read more.
Location: Portland, Ore.
Portland, OR, USA
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