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A bill to further limit annual rent increases in many manufactured home parks and for floating homes in marinas has passed in both chambers and now heads to Gov. Tina Kotek.
House Bill 3054 passed Thursday out of the Senate 17-10 on largely party lines, with three excused votes.
If signed, the bill would restrict yearly rent increases in parks and marinas with more than 30 spaces to 6%. Smaller parks and marinas would still be subject to Oregon’s existing rent control law, which limits yearly increases to 7% plus inflation or 10%, whichever is less.
Manufactured home park residents typically own their homes but rent the land on which it...
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Oregon already had rent control. But now they have decided to lower the annual percent cap on rent increases by nearly 50%, which should pretty much signal to every park owner to put their park on the market as raw land to be redeveloped. What a bunch of colossal idiots.