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Portland puts limits on Airbnb rentals

The city council approved new rules affecting the lucrative tourism rental market in Portland Monday night. (WGME)

PORTLAND (WGME) -- The city council approved new rules affecting the lucrative tourism rental market in Portland Monday night.

An amendment passed Monday night would limit the amount of housing used exclusively for short-term housing.

No non-owner occupied single family home or condo can be rented for those reasons, except on the islands.

A cap will be put on those renting out multifamily and mixed-use homes.

Portland Mayor Ethan Strimling says they wanted to get ahead of potential issues and regulate short term housing as to not negatively impact the housing market.

"It impacts the housing market in two ways,” Strimling said. “One is it takes a long term rental off the market, the other is- because there's fewer long term rentals they can raise those rents."

Strimling says they will take another look at the issue at a later date to examine what’s best for the city.

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