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Guest Feature: Portland Seeks Public Comment on Affordable Housing Bond Framework

Thanks to our friends at HFO Investment Real Estate for this important notice regarding new developments from the Portland Housing Bureau regarding the Affordable Housing Bond. The Portland Housing Bureau released a report written by the Affordable Housing Bond Stakeholder Advisory Group, which lays out a plan for how the money should be spent. The affordable housing … Continue Reading

LUBA Decision Blocks Proposed Right 2 Dream Too Move to the Central Eastside

The City of Portland has been struggling for several years to find a permanent location for the Right 2 Dream Too (“R2DToo”) tent camp, currently located at the corner of NW 4th and Burnside. An August 30, 2016, decision by the Oregon Land Use Board of Appeals (“LUBA”) effectively blocks the latest solution. The City … Continue Reading

A Housing Price Slowdown in Portland? Not So Fast

National numbers released this morning show that home prices rose 5.1 percent year to year nationwide—although, according to The Wall Street Journal, “[p]rice growth did show some sign of slowing in the country’s largest cities.” But is this “slowing” being seen in Portland? It appears not. Housing prices in the Portland area increased 12.6 percent from June … Continue Reading

Portland Commissioner Saltzman Proposes New 1% Construction Excise Tax

Today Portland Commissioner Dan Saltzman, whose bureau assignments include the Portland Housing Bureau and the Bureau of Development Services, proposed a new excise tax on residential and commercial development equal to one percent of the total permit valuation, revenue from which would be dedicated to build and preserve affordable housing. The tax is estimated to raise … Continue Reading

Taxes, Fees on Accessory Dwelling Units (ADUs) Eased in Portland

At a time when Portland grapples with a shortage in housing, two new regulatory changes may bring many more accessory dwelling units (ADUs)—small apartment units like basements and small backyard houses added to single-family homes—to the city, thereby helping to increase the housing stock. According to the Portland Tribune, an “unusually high property tax” leveled … Continue Reading

Landlords, Beware: HUD Warns Against Discriminating Based on Criminal Background

Last month, the United States Department of Housing and Urban Development issued guidance that all residential landlords, property managers, and brokers should be aware of: While checking a potential renter’s criminal background is not off limits when reviewing the person’s housing application, doing so in a way that has an adverse effect on a protected … Continue Reading

Justice Thomas Signals that the Supreme Court May Review Inclusionary Zoning

Just days after the Oregon Senate approved a bill that would allow inclusionary zoning—i.e. permitting local governments to condition the grant of incentives to developers on the inclusion of affordable housing in new developments—at least one United States Supreme Court Justice has sent a signal that the Court may wish to review such laws (as … Continue Reading

New Property Owners, Beware: Possible Shortened Time to Bring Defective-Construction Claims

The Oregon Supreme Court issued a decision on February 19, 2016, affirming a decision to dismiss a homeowner’s claim against a builder for defective construction. In Shell v. Schollander Companies, Inc., 350 Or 552 (2016), defendant, a builder, began construction on a “spec” home in 1999. When the home was approximately 95 percent complete, plaintiff … Continue Reading

Does Homeownership Still Beat Renting?

Zillow, a real estate listing and analytics company, recently looked at the “break-even” time horizon for owning a house versus renting in a number of markets across the nation. “Breaking even” means the amount of time it will take for the cost of owning a home to be equal to the cost of renting. The … Continue Reading

Millennial Myth-Busting

After years of media speculation and pundits declaring that the millennial generation is so very different and may never own a car or a house, changing all business and real estate markets, Globe.st.com shares some actual research data showing that the lull of the great recession may actually fit historical patterns. With household-formation rates back to normal … Continue Reading

Portland Housing Prices are Up More than 12 Percent, But Not Back to the Boom Level

The Portland Business Journal reports on the latest Case-Shiller home price numbers for Portland. We are still climbing, but not at the accelerated rate of several other cities, where record prices have reached above the 2006-2007 peaks. The Portland metro area actually fits right in the national composite profile right now.… Continue Reading
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