The latest news of interest to multifamily housing investors in Oregon and Washington.
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Monday, August 21, 2017
Portland's Central City 2035 Plan Will Have Public Hearings
Since 2010, the Planning and Sustainability Commission, Bureau of Planning and Sustainability, Bureau of Transportation, and other city agencies have been working on a proposal to update design requirements for Portland's central core. When the final 2035 Plan is implemented, it will affect zoning and height restrictions, FAR, setbacks, and other important design features. The goal of the overhaul is to increase density in the central city, and encourage the use of public transit as well as biking and pedestrian infrastructure. The plan will have its first public hearing September 7th, and the city is expecting a great deal of public input at that time. The final vote will likely be in January 2018, with a March 2018 effective date. Read more.