The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Thursday, October 6, 2016
Downzoning of Dense NW Portland Neighborhood Could Have Adverse Effect on Affordable Housing Projects
The Willamette Week reports that despite an ongoing Housing State of Emergency, starting October 6 the City Council will consider a zoning change to a 20 square-block area of the Alphabet District. The new zoning restrictions would decrease height limits by 10 feet, and according to Northwest Housing Alternatives would render some affordable housing projects currently in the works financially unfeasible. Metro has publicly expressed opposition to the downzoning plan, while some city planners maintain it is necessary to preserve the character of historic neighborhoods. Read more.
Labels:
#affordablehousing,
#construction,
#development,
#multifamily,
#oregon,
#Portland,
#zoning
Location: Portland, Ore.
Portland, OR, USA
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