UPDATE: “Screening Criteria and Security Deposit Reform” Public Hearing Date Postponed

UPDATE: “Screening Criteria and Security Deposit Reform” Public Hearing Date Postponed

On August 20th, The Oregonian reported that the City of Portland would hold a hearing on “screening criteria and security deposit reform” on September 20th based on information contained in a Facebook post by Commissioner Chloe Eudaly.

The hearing date was postponed to Thursday, October 18th but on Monday, September 25th, Eudaly announced she was pausing this push for the time being in response to pushback from developers and landlords, including many in the affordable housing community.

Eudaly’s proposed ordinance would limit security deposits and could require landlords to use set screening criteria that takes into account a renter’s criminal history, credit history, and housing record. Read more.

The same day as The Oregonian story, Willamette Week ran a story on landlord outrage.

This post has been updated with information as of September 25, 2018.

HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com