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Committee adopts amendments and refers ordinance banning algorithmic rental price‑fixing to full council
Summary
The Homelessness and Housing Committee adopted targeted amendments and voted to refer an ordinance that would ban algorithmic rental price‑fixing and related price‑setting tools to the full Portland City Council after presentations from legal and technical experts.
The Homelessness and Housing Committee on March 25 approved amendments and referred to full council an ordinance designed to prohibit algorithmic rental price‑fixing and related price‑setting tools.
Councilor Carmen Murillo introduced the ordinance, which she said responds to federal investigations and growing concerns that software used by some property managers and landlords can coordinate rents across competing properties. "Price fixing is an anti competitive agreement among competitors to raise, lower, maintain, or stabilize prices," attorney Angelo Pisido of Local Progress told the committee during the presentation on the legal basis for the ordinance.
Presenters from the city and advocacy groups said companies such as RealPage provide revenue‑management products that collect rent and vacancy data from many landlords, estimate supply and demand for…
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