Lawsuit Ahead? Oregon House Does The Two-Step on Low-Income Housing Tax Credit

In this HFO TV episode, partner Greg Frick and attorney John A. DiLorenzo, Jr. of Davis Wright Tremaine discuss lesser-known HB 3042, its implications for Low-Income Housing Tax Credit (LITEC) subsidized units, and the likely legal challenges. They delve into the extended use period, rent increases, and the need for rental increase permission from Oregon Housing and Community Services (OHCS). The conversation also touches on rent control, housing supply, and changes in eviction Forcible Entry and Detainer (FED) laws. DiLorenzo argues that all the new regulations on rent control, inclusionary zoning, and evictions will only reduce the housing supply.