HFO Multifamily Marketwatch for Oregon and SW Washington

This week: the potentially devastating economic impact of eliminating 1031 exchanges; inflation fears pick up, and the Oregon legislature takes steps to expand options for affordable housing.

This week: Oregon opens its landlord compensation fund for the final round of applications; construction material price increases causing higher costs, and rents are rising across the country as pandemic pricing comes to an end.

This week: The $40 billion in rent relief headed to states; $318 billion of proposed housing and tax credits in President Biden’s infrastructure plan; economists predicting a post-pandemic boom, and soaring lumber costs are slowing construction.

This week: Oregon's portal to apply for $204 million in funds for tenants (payable to landlords) for past-due rent is now open; Oregon Governor Kate Brown signs legislation giving tenants until Feb. 2022 to pay past-due rent, and Seattle has permitted tens of thousands of new units.

Washington state will now require just cause evictions for month-to-month leases; lawmakers in Oregon approve legislation giving tenants until February 28, 2022, to pay overdue rent accumulated during the pandemic.

Landlords and tenants are raising alarms about the fact that Oregon’s landlord and tenant relief fund is not covering back rent owed by tenants who have moved, and the DOJ seeks a stay of a federal judge’s ruling striking down the CDC’s eviction moratorium.

This week: An update on current rental housing legislation in Oregon and Washington, survey results from Multifamily NW on Oregon renters falling behind in rents, and a roundup of news related to homelessness.

This week: Jobless claims down, rental assistance up, Portland launches a pilot program for eviction mediations, and a federal judge in St. Paul, Minnesota slaps an injunction on a city screening and security deposit ordinance there.

This week: California creates 6,000 housing units in less than one year, a model that both Oregon and King County, Washington, hope to copy. Oregon and Washington legislatures continue moving forward on several bills of interest to landlords.

This week: Two housing bills move forward in Oregon’s legislature; downtown Portland sees increased workday activity; and an update on the Federal infrastructure plan’s $213 billion for new housing initiatives.