Blog Posts

State of Oregon Expects to Return $464 Million to Residents

Oregon collected $464 million more in personal income taxes than expected this biennium, triggering the "kicker" rule, which goes into effect when revenue exceeds expectations by more than 2%. The...

Bend Looking to Encourage Middle-Market Housing

The city of Bend, Oregon has seen a spike in housing costs over the past few years, and is actively looking for solutions that would encourage the building of new units. The Affordable Housing...

Portland's Central City 2035 Plan Will Have Public Hearings

 Since 2010, the Planning and Sustainability Commission, Bureau of Planning and Sustainability, Bureau of Transportation, and other city agencies have been working on a proposal to update design...

City of Seattle Prohibits Housing Providers From Screening Applicants Based on Criminal History

The City of Seattle has passed 8-0 an ordinance called the Fair Chance Housing Ordinance prohibiting housing providers from screening applicants based on past arrests or criminal...

News Reports: City of Portland Plans to Extend Relocation Assistance Following Landlords' Judicial Appeal

The Portland Mercury quotes Portland Housing Bureau Manager Matt Tschabold as stating the Portland City Council will be asked to extend the relocation assistance for six months and then possibly even...

Multifamily Marketwatch Podcast - August 15, 2017

This week: The City of Portland considers special tax breaks for projects approved before inclusionary zoning took effect; Mayor Ted Wheeler criticized for lack of action on affordable housing...

Relative to Income - Portland's Rents are West Coast's Lowest

A new report demonstrates that Portland's rents are the lowest on the West Coast relative to income. As of the second quarter, Portland's rent-to-income ratio is just a shade under 25%, at 24.96%...

Oregonian Report: Wheeler Slow to Deliver on Affordable Housing

Portland mayor Ted Wheeler made the urgency of affordable housing a key part of his 2016 campaign, promising to deliver results quickly. Eight months since his election, not much has happened. Read...

Multifamily Marketwatch Podcast - August 9, 2017

In this week's news: REIS announces the national vacancy rate; streamlining Portland's design review; affordable housing bill proposed in U.S. Senate. Check out this episode!HFO Investment Real...

Multifamily Marketwatch Special

In an interview with HFO partner Greg Frick, Portland attorney Andy Hahs discusses the 2017 legislative session and Portland's relocation assistance program, which is likely to be modified and...

Seattle Tightens Rental Inspection Rules on Landlords

The Seattle City Council has reduced the amount of notice that landlords receive before building inspections. The Rental Registration and Inspection Ordinance (known as RRIO) provides for inspections...

Clark County Tax Appeals Due Beginning August 7

Many Washington State counties have mailed the Value Change Notices for the 2017 assessment for taxes payable in 2018.  Appeal DeadlinesYou have 60 days from the mailing date to file an appeal...

Freddie Mac Forecast: Portland Among Leaders in 2017 Rent Growth

Portland will remain among the highest income growth for multifamily in 2017, even as vacancy rates increase. Freddie Mac estimates Portland gross income will increase by 5.7% with a year-end vacancy...

Rental Occupancy Rates Could Fall in Downtown Portland

Yardi Matrix reports that overall occupancy of stabilized properties in the U.S. was 95.6% nationwide in June, down 20 basis points year-over-year. Annual completions are expected to see a peak in...

U.S. Census: Portland Rental Vacancy Rate Climbs to 6.7% - Middle of the Pack

The U.S. Census Bureau reports that the rental vacancy rate for the Portland-Vancouver- Hillsboro metro area was 6.7% percent for the second quarter of 2017* -- an increase of 2.8% from Q1. The next...

Multifamily Marketwatch Podcast - August 1, 2017

This week: housing shortage to possibly worsen by 2030; developers underbuilding to avoid Portland IZ rules; Clark County tax appeals due 8/7. Check out this episode!HFO Investment Real Estate...

Want to Increase Your Google Map Rankings for Your Apartments?

From the Apartment SEO Blog - learn how to increase your community's Google Map Rankings.HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for investors and...

Calculating the Potential Impacts of Inclusionary Zoning Requirements

The Grounded Solutions Network recently launched a tool developers can use to determine if projects built under inclusionary zoning will pencil out. The Inclusionary Housing Calculator was launched...

Developers Opting-Out of Inclusionary Zoning by Building Fewer Than 20 Units

The Daily Journal of Commerce reports that planning officials in the City of Portland are tracking development trends to see if the city's inclusionary zoning (IZ) policy is driving developers to...

Vancouver Washington Beats Portland With Implementation of Efficient, Electronic Permit System

The City of Vancouver, Washington has one-upped Portland in its implementation of an electronic permit application system. In early 2016 -- about five years after the project began -- Vancouver...