Wednesday, February 1, 2023

Rent Control Update: Oregon Lawmakers to Consider Lowering Caps on Rent

The statewide rent control measure that was passed in 2019 provided for rent increases of about 10% in the past few years (7% annually plus a CPI adjustment). Oregon Senate Democrats have now introduced SB 611 which would limit rent increases to 8% or 3% plus an annual CPI change.

Currently, no meetings or hearings are scheduled on the bill. The Portland Business Journal reports that the bill's sponsor, Sen. Wlnsvey Campos of Aloha, says it will come to the Senate Committee on Housing and Development soon.

She said it pairs with SB 799 which includes several tenant protections including postponing eviction proceedings for up to 60 days while a tenant's application for rent assistance is in process. 

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