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Portland ME considers incentivizing conversion of short-term-rentals to long-term housing
14 April 2020

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David|14 April 2020

After amending the City's stay-at-home order - currently in place through 27 April - to ban short-term rentals during the COVID-19 pandemic, the Portland City Council is considering two proposed incentive schemes for owners of short-term rental properties who are willing to lease long-term.

One proposal would refund the property owner's short-term rental registration fee if the unit is leased to a tenant for at least one year.

The other would do that plus pay the owner $1000 if the renter is is using General Assistance or a Section 8 housing voucher.

There are about 800 registered short-term-rental units in Portland, and a serious shortage of affordable housing.

David Boggs President/CEO ACRO Global|Publisher Tourism Marketer
David H. Boggs
ACRO Global

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