The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Monday, September 14, 2020
Vote on Expanded Relocation Assistance in Portland Scheduled for Weds., September 16th
Portland Mayor Ted Wheeler announced last Tuesday that he plans to ask the City Council to vote on expanding the relocation fee ordinance due to the COVID-19 pandemic. According to the Portland Mercury, a vote on this will be held Wednesday, September 16th. If it passes, landlords who raise the rent by any amount for the remainder of the year will be required to pay between $2,900 and $4,500 in relocation assistance if their tenants choose to move. If the City Council chooses to adopt it, the emergency ordinance would be effective immediately. Read more.
Labels:
#citycouncil,
#covid-19,
#Portland,
#relocationfee
Location: Portland, Ore.
Portland, OR, USA
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