News Flash

City News

Posted on: April 26, 2018

City Announces $33,000 Contribution to Housing Trust Fund from Short-Term Rental Registrations

NEWS ALERT

The City of Portland is pleased to announce that it will be contributing almost $33,000 to the Housing Trust Fund from short-term rental registration fees. The Housing Trust Fund is used to fund affordable housing projects throughout the city. This is the first year that the short-term rental registration ordinance is in effect. So far, the City has collected $117,981 and is projecting a total collection of roughly $125,000. After covering staff and enforcement expenses, the roughly $33,000 remainder will go to the Housing Trust Fund.  


The City Council approved an ordinance on April 26, 2017 that requires short-term rental units to be registered with the City. The ordinance went into effect on January 1, 2018. So far the City has registered 295 owner-occupied properties, 13 tenant-occupied properties, 105 non-owner occupied properties and 80 properties on the islands. 


Councilor Jill Duson, Chair of the Housing Committee, explained how pleased she was that not only is this ordinance ensuring a safe place for renters to stay, but it will help create more affordable housing opportunities across the city. 


She said, “Our initial goal of addressing the operations of short-term rentals in Portland was to allow us to monitor and address quality of life issues while also ensuring renters were in safe places. But my colleagues and I understood that short-term rentals also have an impact on our housing market, and so I’m pleased that this ordinance goes further by providing a benefit to the creation of new affordable housing opportunities.” 


Duson added, “I’d also like to thank city staff for their role in implementing and overseeing the registration process. In July, a program evaluation and financial report will be on the Housing Committee’s agenda.” 


If you operate a short-term rental and need to register or calculate short-term rental registration fees, visit: www.portlandmaine.gov/STR. There are penalties that may be assessed for operating an unregistered rental unit. 


Facebook Twitter Google Plus Email

Other News in City News

kiwanis pool kids

Kiwanis Outdoor Pool Opens June 18

Posted on: June 8, 2018
news alert

Browntail Moth Discovered in Portland

Posted on: April 13, 2018
Tulips

Council Approves Pesticides Ordinance

Posted on: January 10, 2018
POC logo

Portland Opportunity Crew Begins

Posted on: May 4, 2017