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Portland and the federal government

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30.01.150 FAR Transfer from Existing Affordable Housing Program.

City Code Section

(Added by Ordinance 190037; amended by Ordinances 190523 and 191973, effective January 1, 2025.)

  1. A.  Purpose statement.  The City intends to implement the FAR Transfer from Existing Affordable Housing Program (the “Affordable Housing Transfer Program”) to promote the preservation of existing affordable housing within the City.
  2. B.  Administration.
    1. 1.  PHB will certify whether the applicant’s existing Affordable Housing project meets the standards and requirements set forth in  Subsection 33.120.210 D.1. and this Section.
    2. 2.  Administrative rules for this Section will set forth clear and objective criteria to establish minimum standards for affordable units restricted under the Affordable Housing Transfer Program.
  3. C.  Standards. Affordable Housing projects approved for the Affordable Housing Transfer Program must satisfy the following criteria:
    1. 1.  All of the Affordable Housing dwelling units located on a site wanting to transfer available FAR must have an existing affordability restriction related to funding provided by PHB for at least an additional 30 years from the date of application to PHB for the FAR transfer; and
    2. 2.  The Affordable Housing dwelling units must be restricted to households earning 60 percent or less of area MFI.

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