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%
This past Thursday, the U.S. Supreme Court ended the CDC's eviction moratorium.
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 Nationwide Eviction Moratorium is set to expire today, July 31st. Originally set to expire in September 2020, the Biden administration has extended it multiple times. On July 29th the Biden Administration said it would not attempt to extend the moratorium but President Biden is now asking Congress to intervene and extend the ban.
With laws constantly changing, housing providers are strongly encouraged to seek legal advice prior to serving any notice of termination for nonpayment.
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…