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Portland Housing Bureau

Solving the unmet housing needs of the people of Portland.

Phone: 503-823-2375

fax: 503-823-2387

421 SW 6th Avenue, Suite 500, Portland, OR 97204

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Regulatory Option 2: 60% AMI

Applicants can elect to make 10% of units affordable at 60% AMI in buildings within the Central City and Gateway Plan Districts, or 8% of units for buildings in all other areas.

Incentives


Central City Plan District & Gateway Plan District — 10% of Units

  • 10-year property tax exemption on affordable units (for properties with a 5:1 FAR or greater, this exemption applies to all residential units)
  • Construction Excise Tax exemption on affordable units
  • SDC exemptions on affordable units
  • Buildings will be exempt from parking requirements as detailed in Title 33
  • Density/FAR bonus (varies by zoning code and plan district; see Maximum Base and Bonus Density/FAR table)

All Other Areas* — 8% of Units

  • 10-year property tax exemption on affordable units
  • Construction Excise Tax exemption on affordable units
  • SDC exemptions on affordable units
  • Buildings will be exempt from parking requirements as detailed in Title 33
  • Density/FAR bonus (varies by zoning code and plan district; see Maximum Base and Bonus Density/FAR table)

*Applies to applications filed through December 2018.

Key Requirements


  • At least 5 percent of the affordable units must be built to be Type A as defined in the Oregon Structural Specialty Code.

 

 


Notes: PHB staff calculate the minimum number of required affordable units.