The latest news of interest to multifamily housing investors in Oregon and Washington.
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Friday, December 2, 2016
Saltzman Recommends Softening Inclusionary Zoning Requirements for First 2 Years
The Portland Tribune reports that Commissioner Dan Saltzman has responded to requests from LOCUS to ease inclusionary zoning requirements for developers by lowering the required percentage of affordable units until 2019. Previously, developers would have been required to set aside 20% of units for residents making 80% MFI, or 10% of units for residents making 60% MFI. Under the new changes, developers will only be asked to set aside 15% and 8%, respectively, until the law goes into full effect in 2019. Read more.