GEAC: Capital Gains Tax

2nd Wednesdays are our Government and Economic Affairs Committee hosted meetings! 

Since 2015, multifamily housing providers and investors have been hit by a myriad of obstacles to maintaining their businesses, and we’ve already seen the impacts on rents and population growth. Ballot Measure 26-238 would significantly increase the complexity of living and working in Multnomah County, and analysis has found it might even put the small business owner or middle-class investor at a disadvantage compared to wealthy residents. Greg Frick, founding partner of HFO Investment Real Estate, will discuss the potential effects the measure could have on the county’s multifamily real estate market and on investment in the region overall.

As noted in the Voter Pamphlet: 

"Should County create residential tenant resources program providing free lawyers, financial assistance, funded by adjustable .75% capital gains tax?"