Jeff Merkley, Oregon’s Senator, introduced the Affordable HOME (Housing Opportunities Made Equitable) Act earlier this year. In an email sent out by Merkley he says, “The Affordable HOME Act is designed to reduce the shortcomings of current housing policies and funding levels, by boldly addressing racial, gender, and economic disparities, along with systematic obstacles to…
September 15, the State of Oregon's Office of Economic Analysis announced the rent increase rate for 2022 can be no higher than 9.9%. In 2021 the max increase was 9.2%
It's no secret that building costs are at an all time high and for multifamily builds the cost benefit isn't there. Due to the housing crisis in Portland they have adopted new residential infill policies to allow multifamily housing in single-family neighborhoods.
The Legacy RE Group is constantly looking for new and inventive ways to improve our business and the homes and properties of the clients we serve. We hope to see more sustainable living practices as our community grows.
With laws constantly changing, housing providers are strongly encouraged to seek legal advice prior to serving any notice of termination for nonpayment.
Buyer letters, or "Love Letters", have become a common element in the residential housing industry, especially as we see multiple offers increase. However, it puts the seller at risk in violating fair housing laws.
Oregon has found itself in quite a hole of unpaid debt in the rental housing market since the start of the Coronavirus pandemic. As of February 2021, an estimated $378 million remains outstanding in rental dues across the state. In 2020, Oregon put into place a Statewide Eviction Moratorium, banning nonpayment-related evictions, and gathered resources…
The Landlord Compensation Fund (LCF) reopened last week. The second round of assistance for covering rent owed by eligible tenants is at least $50 million. The timeframe for the accrued rent owed is from the past year, April 1, 2020 - April 30, 2021. If you are a participating housing provider you could receive funding…
As of February 2021, a reported estimate of 89,000 households are behind in rent equaling more than $378 million. Since the start of the pandemic in 2020 a mass wave of tenants have become behind on their monthly rent, and the numbers continue to soar. The eviction ban across the state allows tenants to remain…