This week: The Runaway Cost of Portland's Affordable Housing, Multi-Family insurance costs rising, and Should you allow Airbnb rentals at your property?

Among this week's stories: Seattle City Council member Alex Pederson proposes adding $5-8k per unit in housing impact fees, estimating the fees will raise $200-$760 million in the next 10 years for infrastructure. 

Reports on CMBS loan delinquencies, rising national insurance rates, and the latest land sale demonstrating that developers are bullish on Bellevue.

This week:

• Discussing Multifamily housing occupancy in Portland
• $1 trillion-plus of multifamily debt will mature by 2027
• Multifamily sales drop 74% YOY 

HFO’s podcasts are sponsored J.R. Johnson, specialists in multifamily restoration and repair, and by Gantry Inc, the country’s largest independent mortgage banking firm focused exclusively on commercial real estate. 

Seattle is #1 in the US for population growth, and tech jobs are growing as well, focusing on A.I. and Blockchain; the state building code council delays new rules banning natural gas for heat in new commercial and residential construction. 

In this episode:

• A quick update on the national multifamily market
• The growing buzz around converting offices to apartments 
• A round-up of the May Oregon ballot measures and their impacts on multifamily investment

• Governor Jay Inslee touts housing bills, $1 billion in housing spending
• National and regional rent growth forecasts for 2023
• A roundup of recent multifamily transactions in the Puget Sound region

In this episode, we discuss how Measure 26-238 would introduce a 0.75% capital gains tax in Multnomah County and how it could affect the multifamily industry.

HFO’s podcasts are sponsored by J.R. Johnson, specialists in restoration and emergency repair work for multifamily properties, and Gantry Inc, the country’s largest independent mortgage banking firm focused exclusively on commercial real estate. 

In this episode:

• A final wrap-up of housing industry legislation of interest to multifamily owners and developers in Washington State
• A roundup of development and transaction news from around the state
• A new tenant rights group has formed in Whatcom County, threatening lawsuits and legislative initiatives

The big stories from this past week: 

• Developers Say Building in Portland Has Become Unaffordable
• Lee Fehrenbacher, HFO Senior Broker: Portland Multifamily Investors Are Voting With Their Money