Oregon Legislature Proposals: Remove Mortgage Interest Deduction, Remove Ban on Rent Cap and Implements Moratorium, Disallow No-Cause Evictions

3 bills are currently submitted to Oregon State Legislature regarding the real estate industry to bring to your attention.

House Bill 2006 puts extreme limits on the mortgage interest tax deduction for home residences.

House Bill 2001 repeals a statewide ban on rent control, implements an immediate statewide moratorium rent control increase no more than 5%.

House bill 2004 disallows no-cause evictions without significant penalty to the landlord.

I’m all signed up to  attend Realtor day at the capitol to learn about the bills and discuss concerns about the implementation of these bills. I will post additional info as it comes available.

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