If you’ve been concerned about the national upswing of rent control bills or “Ban-the-Box” legislation within the past year, getting involved with multifamily legislation might just be your best bet. Not only can you stay up-to-date on what’s going on within the industry, but you can take the opportunity to contact your legislators to protect your real estate investment from potentially long-term adverse bills. Not sure where to start? Here are a few resources that can help.
As you well know, the need for affordable housing in the state of California is severe. In fact, according to the National Low Income Housing Coalition’s 2017 study, a California household must earn $30.92 per hour (working 40 hours a week) to afford a 2-bedroom home without paying more than 30% of their income. Just last year California’s 2-bedroom affordability was at $28.59 per hour. While the affordable housing crisis isn’t anything new, two new bills aimed at housing development and affordability has made its way up the ranks.
As of June 9th, 2017, Washington property owners and property management companies that rely on tenant screening to vet their rental applicants will need to adhere to a new law. Passed on March 29th, Washington’s SB 6413 makes it the property owner’s (or property management company’s) responsibility to provide notice before performing tenant screening on an applicant. Although the bill makes it clear what language the notice needs to have, alongside other regulations, the application of this bill has been up to debate.
The Residential Landlord-Tenant Act (RLTA) already requires property owners to notify the applicant in writing:
As you might be hustling to get summer property maintenance done or preparing to attend the NAA Conference, state legislatures have been just as busy. With promising and threatening bills coming out of California, Arizona, Washington, and Oregon, make sure to take a moment to read over these recently passed and pending legislative bills.
Updated 7/12/17: HB 2004 was not passed by the Oregon state Senate.
On Tuesday April 4th, the Oregon State House passed House Bill 2004, which would place new limitations on evictions, require relocation fees for certain evictions, and would reinstate rent controls throughout the state. As this new legislation moves on to the Senate, it would be wise to start preparing for if it passes.
As we’re well into 2017, quite a few legislative changes have developed since January. With passed and potential bills affecting the multifamily industry and employment on a nationwide and state level, check below to see if you’re affected.
California’s Fair Employment and Housing Council (“FEHC”) has released new regulations that would greatly affect California employers. Parts of the FEHC’s new regulations differ from current Federal regulations (like the consideration of marijuana convictions). The following guidance has been released from Anthony J. Oncidi and Jeremy M. Mittman at Proskauer Rose LLP: