Portland City Commissioner Dan Saltzman wants to shoot the proverbial two birds with one stone.
In June, the city’s housing commissioner will propose to legalize short-term rentals brokered by web sites such as Airbnb and VBRB [VRBO} by requiring the operators to pay local lodging fees.
In exchange, the city would dedicate 25 percent of its share of lodging taxes to support creation of low income housing in a bid to head off complaints that vacation rentals remove units from the inventory of affordable housing, under Saltzman’s proposal.
Elsewhere in the U.S., short-term rentals have exacerbated housing shortages as owners evict existing tenants in order to turn a larger profit advertising units to tourists via sites such as Airbnb and VBRB [VRBO].
David Altman of Central City Concern was honored a one of Portland’s CFOs of the Year. Central City Concern is a Portland agency providing mental health care, affordable housing, employment and addiction-recovery services. The organization has a staff of over 500, an annual operating budget of $39 million, and serves an estimated 16,000 individuals annually. During his tenure as CFO, Central City Concern has been awarded two New Market Tax Credit allocations and successfully closed conduit bond issuances with a scope covering 7 buildings, including construction of a new healthcare clinic.
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Megan Braunsten has taken over as the new ED for the Hillsdale Main Street program. Braunsten, the former Executive Director of the Gresham Downtown Development Association, takes over for Suzan Poisner, who stepped down in January. Braunsten told the Oregonian of her mission:
The district is dominated by cars, so Braunsten said the challenge is to figure out how to entice people out of their cars, get the cars parked, and then help people get around once they are out their cars.
This year, the program will install street trees and other plantings.
“The hope is for a better pedestrian environment.”