This week: the City of Portland expands rental relocation assistance fees to owners of even one rental u nit, and makes the fees permanent; Washington State's legislature passes a law prohibiting landlords from discriminating against tenants with section 8 vouchers; the Portland City Council rejects 300 apartments in the Pearl District and rejected construction of 2,617 additional housing at RiverPlace that would have added 500 units of affordable housing.
Last week: The Portland City Council heard hours of testimony, mostly from renters, on a proposal to make Portland's renter relocation fee permanent while expanding it to all landlords of one unit or more. The City will also consider whether to begin a landlord registration system as discussion is expected to continue this week; Metro plans a $1.7 billion affordable housing bond measure for November's ballot.
This week: Seattle follows Portland's lead in the effort to require seismic retrofits for unreinforced masonry buildings; local developers come out against proposed inclusionary zoning rules for condo developments; the potential for a democratic supermajority in the Oregon legislature begins to take shape--can rent control be far behind?
This week: the Portland Bureau of Planning and Sustainability released a 12-month study of Portland's Inclusionary Housing requirement, recommending that the city modify the policy; the Portland Business Journal ranked the top 35 elementary schools in Oregon and SW Washington; and developers of low-income housing are trying to make up for funding shortfalls resulting from the corporate tax cut.
This week: Jobs are up in Oregon and employment gains are expected across all industries in 2018; more than 3,500 people responded to the City of Portland's call for comments on the Residential Infill Project; Metro is planning for two upcoming bond measures for affordable housing and transportation projects.
This week: Portland mayor Ted Wheeler will introduce incentives next month in an attempt to offset the stagnant response to Portland's year-old inclusionary zoning requirement; Oregon companies go on a hiring spree; and apartment rents increased again last year with west coast cites leading the pack.
This week: there's a controversy brewing over heights of new buildings in downtown Portland; a new report ranks Portland's rents as the 20th highest in the nation; and leaked White House "infrastructure plans" call for a 50% reduction in the federal reimbursement rate for new projects.
This week: in Washington State there’s a new legislative proposal to end the state ban on rent control; in Portland, the topic of just how tall new buildings should be; and if Seattle can build 1,400 affordable housing units for $100 million, why does Portland need $258 million for just 1,300 units? We explain.
This week: Portland-area real estate professionals weigh in on how the new tax law will impact the commercial real estate industry; the Historic Landmarks Commission and neighborhood residents are pushing back on a low-income housing project being proposed in the Historic Alphabet District; two moving companies confirm that Oregon is still a top moving destination - the state added 65,000 people last year.
This week: Cities across the country are looking to retain millennials by adding duplexes, triplexes, rowhouses and other medium-density housing options that serve the middle class and keep them from being forced out; a local expert says Portland's MSA needs 30,000 more housing units each year to keep up--something builders are saying is impossible due to development fees and permit timelines. Marketwatch returns January 8th.
This week: Oregon Department of Land Conservation and Development approves the City of Portland's 2035 Comprehensive Plan as at least one neighborhood readies its appeal; Portland Housing Bureau director Kurt Creager gets ousted by Mayor Ted Wheeler; the City of Portland buys 240 planned affordable housing units at $285-thousand dollars each.
This week: City audit of its Prosper Portland department uncovers financial mismanagement; Oregon's population grows at a record level for the second straight year; Congressional Republicans' tax plan could throw a wrench into plans for thousands of affordable housing units in Oregon.
This week: A major Portland homebuilder announced he will no longer build in the city due to excessive permitting times; Portland Mayor Ted Wheeler calls on the business community to help with homelessness; businesses complain city bureaucrats won't work with them.
This week: Metro regional government releases a report concluding that Portland lacks adequate affordable housing; Bend considers ways to assist renters and affordable housing advocates speak out about the loss of specialized bonds that could eliminate construction of hundreds of thousands of affordable housing units.
This week: Rents in Portland have fallen slightly, mostly for high-end units close to downtown; Bend renters are finding more options as several new multifamily housing communities open; a new study of rent control in San Francisco by a trio of Sanford economists documents how the policy has failed. Those stories and more in this week's Multifamily Marketwatch.
This week: Want to live in the nation's best place for business and careers in 2017? If you live in Portland, Forbes says to stay put; more "for rent" signs are cropping up on lawns these days and the Washington Post says affordable housing stock has dropped 60% since 2010.
This Week: Portland City Commissioner Chloe Eudaly stops strict enforcement of code restrictions against sleeping in RVs and tiny houses built on private property without a permit; Portland State University reports that wages in Portland are rising, and housing prices are increasing at a slower rate.
This week: a Portland Landlord slams Commissioner Eudaly for violating City of Portland social media policy and blocking him from her public Facebook page; the Portland Tribune reports that more than 15% of the cost of new apartment buildings comes from City of Portland fees and development charges.
This week: Chloe Eudaly's First Right of Refusal ordinance for renters would likely apply to all types of rental housing; Portland developers propose to build up to 2,500 units on Portland's waterfront, including 500 affordable units, in exchange for increased height limits.
This week: Portland Commissioner Chloe Eudaly wants to give tenants first right of refusal to buy apartment buildings before they hit the market, and Mayor Ted Wheeler will ask for an 18-month extension of Portland's housing emergency -- this time requiring agencies to figure out when to end it.