The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Tuesday, May 1, 2018
PHB Inclusionary Housing Pipeline Map Shows City Falling Short
The Portland Housing Bureau has created an interactive map of projects that have been proposed under the city's Inclusionary Housing Policy, which went into effect February 1, 2017. There are currently 14 apartment projects and 1 condo project planned that are subject to inclusionary housing rules, which if built will result in the addition of 119 housing units affordable to households at 80% or less of median family income. The City of Portland estimates that 23,000 affordable units are needed. None of the projects are West of the Willamette River, and at least 68% of the planned affordable rental units will be studios or one-bedrooms. Read more.