Wednesday, July 1, 2015

I'm Starting My 9th Year of Retirement.

Hard for me to believe, but on July 4th, 2007 I retired....

Westmoreland's Union Manor Example: Multnomah/Portland Doesn't Need to Wait for $15 Living Wage-Davis Bacon Provides It.

The recently announced closing of a financing that will rehab Westmoreland's Union Manor in SE Portland reminded me that the federal Davis Bacon law requires prevailing wage levels that likely exceeded the highly discussed $15 an hour minimum wage.

So I did some checking...

In looking at the "building" Davis Bacon wage [including 5+ stories residential construction]  for Multnomah County I don't see ANY job classification with a wage below $15 an hour. [Note, with density increasing it would appear likely that an increasing percentage of multifamily in Portland may be in this 5+ story category].

For the residential DB rate (up to 4 stories), I only see ONE classification below $15, roofers at $12. 

A recent Portland Tribune opinion piece suggested that linking affordable housing to local jobs is a winning combination.  Insuring those jobs are at living wages appears to me to further increase the likelihood of public support.

Originally created and posted on the Oregon Housing Blog.

AFL-CIO Housing Investment Trust Says 290 Union Construction Jobs in Westmoreland Union Manor Rehab.

The AFL-CIO Housing Investment Trust says their investment, via the FHA loan, in the Westmoreland's Union Manor rehab will create 290 union construction jobs.

Originally created and posted on the Oregon Housing Blog.

Thursday, June 25, 2015

WaPo Confirms My May Post on Ikea Boost in Minimum Wage.

My May post is HERE.  

WaPo story this week, with Portland minimum wage [$11.25], is HERE.

Originally created and posted on the Oregon Housing Blog.

Additional Materials Related to Supreme Court Disparate Impact Fair Housing Decision.

The SCOTUS blog has a opinion analysis HERE and a "plain English" review of the ruling HERE

On the page HERE, look for a "Housing Symposium Contributions" section for several detailed reactions from a spectrum of organizations.

Originally created and posted on the Oregon Housing Blog.