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Many residents of park homes and floating homes with more than 30 spaces will sleep easier now that Oregon lawmakers have capped their annual rent increases to no more than 6%.
House Bill 3054 has passed through both the House of Representatives and the Senate and is on its way to Governor Tina Kotek to sign into law.
The legislation makes it easier for this category of residents to budget expenses.
Lawmakers also agreed that annual rent increases in smaller parks and marinas under existing rent control law are limited to 7% plus inflation or 10%, whichever is less.
Proponents of the bill say the legislation offers financial relief to fixed or low-income residents who are subject to rapidly increasing rentals. Many Oregonians in this category own their park or floating homes but pay rent for the spaces on which their properties stand.
House Bill 3054 does allow landlords of more than 30 spaces to increase rentals by up to 12% every five years. However, increases must be approved by a majority of the residents, and the generated income spent on general repairs and maintenance.
There are 1,500 floating homes in Portland alone, with a further 62,000 manufactured park homes in Oregon.
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