Incentives
Central City Plan District
- 10-year property tax exemption on the residential and residential related portion of the building
- Affordable Housing Construction Excise Tax (AHCET) exemption on affordable units and applicable percentage of residential related square footage
- Density/FAR bonus as detailed in Title 33 Planning & Zoning
Eligible Neighborhood Analysis Areas
- 10-year property tax exemption on IH Units and the applicable percentage of the residential related square footage
- Affordable Housing Construction Excise Tax (AHCET) exemption on affordable units and applicable percentage of residential related square footage
- Density/FAR bonus as detailed in Title 33 Planning & Zoning
All Other Areas
- 10-year property tax exemption on IH Units and applicable percentage of residential related square footage
- Affordable Housing Construction Excise Tax (AHCET) exemption on affordable units and applicable percentage of residential related square footage
- Density/FAR bonus as detailed in Title 33 Planning & Zoning
Key Requirements
- For Projects that receive the 10-year property tax exemption, at least 5 percent of the number of 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.
The same incentives apply to the reconfigured affordable units as are available for the affordable units in options 1 and 2.
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.