$60 Per-Unit Tax proposed to fund City of Portland Rental Housing Programs
On July 17th the Portland Housing Bureau unveiled a plan to assess a $60 per-unit annual tax to fund the city’s rental housing initiatives that it has failed to pay for.
It’s anticipated that this $60 per-unit tax proposal will be presented to Portland City Council on Wednesday, July 31st.
This is a CALL TO ACTION to attend the hearing at City Hall on July 31st and testify against the city’s continued pursuit of untested and unfunded policies. This fee will cost the typical 75-unit apartment building $4,500 per year. Portland City Council’s policies continue to drive up the cost of existing housing while showing little to no results in creating affordable housing for everyday Portlanders.
Further details about this proposal will not be confirmed until Friday, July 26th, the last day possible the city is required to publish the following week’s city council agenda and share the proposal language.
Multifamily NW will share information as it becomes available.