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Portland Rent Board approves modest banked increase for 305 Deering Ave. application

Portland Rent Board · December 18, 2024
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Summary

After applicant testimony and detailed questioning about receipts and banked rent calculations, the board approved a limited banked‑rent increase for 305 Deering Ave., setting a modest monthly per‑unit adjustment after excluding certain line items pending documentation.

The Portland Rent Board approved a banked‑rent increase for 305–307 Deering Ave. on Dec. 18 after hearing testimony from owner Anna Cooperman and review by city inspector Adam O'Connor.

Cooperman told the board the duplex is a family property she has managed since 2019, described capital work and repairs since then and said she had returned overcharges to tenants for 2023. 'This is the story of the house,' she said, recounting family history and the costs she has borne. Board members pressed for clarity on whether any "bank rent" (unused allowable annual increases) remained from prior years and asked for invoices and itemized receipts for capital improvements.

Inspector Adam O'Connor gave the board technical context and said the city's calculation treated $1,942 as the maximum eligible rent in the calculation and that 'there would be no bank rent' in this case under the city's method. Board members debated whether to exclude specific 2023 line items (plumbing and a license fee) that appeared missing in the 2019 baseline. After motion, reconsideration and amendment under Robert's Rules, the board approved an adjusted monthly allowance that translated to roughly $5.05 per unit per month under the board's final calculation; staff will include the required documentation in the final decision form.

Board members asked the applicant to provide missing invoices and to clarify management-fee allocation; the board tabled no further action once the vote passed and instructed staff to finalize documentation.