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Portland Rent Board approves $15,868 monthly rent increase request for 231 State St., conditions it on code resolution
Summary
The board approved an adjusted rent‑increase request from BJB Realty for 231 State Street — a total monthly increase of $15,868 — after members amended the application to capitalize certain items and remove political contributions; approval is conditioned on closure of outstanding code violations.
The Portland Rent Board approved a rent‑increase application from BJB Realty for 231 State Street (31 units) with a recalculated total monthly increase of $15,868, subject to the condition that outstanding building code violations (primarily related to fire safety/doors) be formally closed by city code officials.
The application prompted extensive board questions about expense classifications, accounting categories carried forward from the 2019 base year, capital versus…
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