Portland Development News
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Rent Board Tables Key Items to Special Meeting, Forms Subcommittees for Annual Report and Application Update
The Rent Board addressed several administrative and procedural items, including tabling unfinished business and new business items to a special meeting, electing a vice chair, and discussing the formation of subcommittees for the annual report and the rent increase application update. The board voted to suspend rules to extend the meeting time and table items D (election of vice chair) and new business A and B to a special meeting scheduled for Wednesday, July 8th, at 6 p.m. Eastern Time. For the annual report, board members discussed the need to catch up on previous reports and form a subcommittee; Anne Laura volunteered to lead this effort. The board also decided to form a new subcommittee for the rent increase application update, consisting of Kristen and Buddy, and scheduled a workshop for August 19th to discuss regulations and a streamlined application process.
Rent Board Tables Williams Street Rent Increase Applications Amidst Data Discrepancies; Deliberates Owner-Performed Labor Rules
The Rent Board deliberated on rent increase applications for 72 and 76 Williams Street, ultimately tabling both due to discrepancies in financial data and the need for clarification from applicants and city staff. For 72 Williams Street, the board voted to table the application to allow the applicant and city staff to reconcile financial discrepancies, particularly regarding banked rent and reimbursements related to notices of violation. For 76 Williams Street, the board also decided to table the application for similar reasons, including the need to clarify reimbursements for 2025 rents and banked rent figures, and to allow a new board member to review the relevant discussions. The board also addressed issues related to owner-performed labor versus management fees, discussing how to categorize and cap these expenses. After significant debate, the board voted to recategorize owner-performed labor as management services and cap it at 10% of gross rental income for the specific application, a decision made after amending the initial motion to include this cap.
Rent Board Approves Limited Rent Increase for 693 Washington Ave Unit 3, Denies Others Due to Banked Rent
The Rent Board discussed and voted on a rent increase application for 693 Washington Ave, ultimately approving a rent increase for Unit 3 while denying increases for Units 1, 2, and 4 due to existing banked rent. The board also addressed several other requests within the application, including a base year rent adjustment, utility pass-throughs, management fees, and a vacancy credit. The board voted against a base year rent adjustment, finding that the circumstances did not meet the criteria for exceptional or peculiar circumstances. They also decided to strike water expenses from the current year's calculation due to a lack of a corresponding base year expense and agreed not to include a proposed increase in management fees as it was not an incurred expense. The board did approve a rent increase for Unit 3 by $13.19, while denying increases for the other units because banked rent covered the allowable increase.
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