Option 2: Build On-Site at 60% MFI

Incentives

Central City Plan District

10% of units

• 10-year property tax exemption on affordable units and the applicable percentage of the residential related square footage
  • For properties with a base or built FAR of 5:1 or greater, this exemption applies to all rental residential units and the residential and residential related square footage.
• Affordable Housing Construction Excise Tax (AHCET) exemption on affordable units and applicable percentage of residential related square footage
• SDC exemptions on affordable units
• Buildings will be exempt from parking requirements as detailed in Title 33 Planning & Zoning
• Density/FAR bonus as detailed in Title 33 Planning & Zoning

Gateway Plan District & All Other Areas*

10% and 8% of units, respectively

*Applies to applications filed through December 2021

• Central City Plan District: 10% of units
  Gateway Plan District: 10% of units
  All Other Areas*: 8% of units
  *Applies to applications filed through December 2021

• At least 5 percent of the affordable units must be built to be Type A as defined in the Oregon Structural Specialty Code.

• IH Units must be reasonably equivalent to market rate units with the same bedroom count, as measured in square feet, in the building. For more information see Unit Types & Reasonable Equivalency on our FAQs page.

• Note: PHB staff calculate the minimum number of required affordable units.

Eligible Alternative Scenarios

Reconfiguration

Reconfiguration allows for buildings, using Option 1 or 2, to alter the minimum number of units required under Inclusionary Housing by providing larger type units than the minimum requirement. Reconfiguration is calculated after first determining the minimum number of required IH Units and the required unit mix based on the plans submitted. If the plans change, the unit mix needs to be reassessed and the reconfiguration recalculated as well. The building will still provide the same number of bedrooms that are required from the Option chosen.

For more information, please read the Reconfiguration FAQ.

On-Site Consolidation

For projects with multiple buildings on one contiguous site, IH Unit requirements can be transferred from one building (“Transferring Building”) to another building on the same site (“Consolidated Building”).

For more information, please read the On-Site Consolidation FAQ.

Start an Intake Form

Follow the link for forms for Inclusionary Housing, as well as applications for other development incentives. These forms are all available on the Inclusionary Housing homepage.

Forms