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Governor Tina Kotek Releases Details of $130 Million Budget Package to Reduce Unsheltered Homelessness in 2023

On Thursday, Governor Tina Kotek's office released details of the proposed $130 million to be allocated from the current state budget to help unhoused people and avert further homelessness. "This spending package will aim to provide immediate relief to at least 1,200 unsheltered Oregonians, prevent nearly 9,000 households from becoming homeless...

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Biden Administration Moves Towards Renter Bill of Rights

From CoStar reports: The Biden administration set in motion plans to create a national renter's bill of rights, tapping into a growing trend among states and cities around the country to address rental housing affordability. In what it calls a "blueprint for a renters bill of rights," the administration seeks to ensure that tenants can organize...

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Washington Slates SB 5435 Rent Control Bill for Hearing Friday 1/27 10:30 AM

The Washington Multifamily Housing Association has issued the following alert for apartment owners in Washington. Although the bill was just introduced late last week, it is being fast-tracked and has a hearing tomorrow at 10:30 am. Owners are invited to participate in the hearing by being present in the committee room and voicing opposition to...

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Oregon Remains a Top-10 State for Green Building

The U.S. Green Building Council ranked Oregon 10th on its list of the top states for eco-friendly construction in 2022. In 2022, Oregon added 6,066,035 square feet of LEED-certified space, the council notes in a recent blog post. With just over 4.25 million residents, this brings the state in at 1.43 square feet of LEED-certified building space...

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Washington Center for Real Estate Research: Statewide Rent Growth Registers at 5.1%

The recently released University of Washington Fall 2022 Apartment Market Report indicates apartment rent growth in Washington tapered off, falling nearly 1.2% in the fourth quarter after high growth rates over the previous 18 months. "The current statewide annual rate of rent growth is 5.1%; this means that average rent levels for the 3rd quarter...

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