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The City of Portland, Oregon

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

More Contact Info

Regulatory Option 2: 60% MFI

Applicants can elect to make 10% of units affordable at 60% MFI 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 (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 and applicable percentage of residential related square footage
  • SDC exemptions on affordable units
  • Buildings will be exempt from parking requirements as detailed in Title 33 (Planning & Zoning determines)
  • Density/FAR bonus as detailed in Title 33 (Planning & Zoning determines)

Gateway Plan District (20% of units) & All Other Areas (15% of units)**

  • 10-year property tax exemption on affordable units and applicable percentage of residential related square footage
  • Construction Excise Tax exemption on affordable units and applicable percentage of residential related square footage
  • SDC exemptions on affordable units
  • Buildings will be exempt from parking requirements as detailed in Title 33 (Planning & Zoning determines)
  • Density/FAR bonus as detailed in Title 33 (Planning & Zoning determines)

 * Can be used in conjunction with Regulatory Option 5: Reconfiguration
**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.