Rent Control Bill SB 608 advances to the House Chamber Floor, Vote likely next week
Dear Multifamily NW Members and Interested Parties,
Rent Control bill SB 608 passed out of the House Committee on Human Services and Housing on a party line vote Wednesday, February 20th. Several amendments were introduced and discussed from removing the emergency clause of the bill, to allowing local governments to “opt-in” to the rules in the bill, or to specify that it only applies to populations of 150,000 or greater. All amendments failed in the committee and the bill was sent to the House Floor as originally drafted with a do-pass recommendation.
It is likely the bill will have a vote on the House Chamber floor by next week. The majority party in the House has more than enough votes to pass SB 608. With the emergency clause on this bill, it becomes immediately effective with the signature of Governor Kate Brown – who has already pledged to sign it.
This is devastating news for the rental housing industry in Oregon. SB 608 promises much in the form of tenant protections, however, its unintended consequences will negatively impact housing supply and security for Oregon renters.