Inclusionary Housing

Source: PDF pp. 349-350 ↗ · raw: 349 · 350

Breadcrumb: Service Area Summaries > Community & Economic Development > Portland Housing Bureau > Inclusionary Housing

City of Portland Fiscal Year 2026-27 Proposed Budget Community & Economic Development > Portland Housing Bureau > Inclusionary Housing Inclusionary Housing Budget Revenues by Fund 2023-24 Actuals 2024-25 Actuals 2025-26 Revised Budget 2026-27 Proposed External Revenues $1,667,490 $1,848,562 $1,872,649 $1,523,752 Inclusionary Housing $1,667,404 $1,848,562 $1,872,649 $1,523,752 Fund Tax Increment Financing $86 $0 $0 $0 Reimbursement Fund Internal Revenues $32,707,379 $33,883,348 $0 $1,557,143 Inclusionary Housing $32,707,379 $33,883,348 $0 $1,557,143 Fund Grand Total $34,374,869 $35,731,910 $1,872,649 $3,080,895 Program Expenses by Major Object Program expenses only include personnel, internal materials and services, external materials and services, and capital. 2023-24 Actuals 2024-25 Actuals 2025-26 Revised Budget 2026-27 Proposed External Materials and $231,958 $323,706 $438,186 $440,168 Services Internal Materials and $11,185 $17,445 $20,873 $28,474 Services Personnel $968,272 $1,091,488 $1,111,299 $1,270,026 Grand Total $1,211,415 $1,432,638 $1,570,358 $1,738,668 Program Description and Goals The Development Incentives team administers incentive and exemption programs related to the production of affordable housing. The programs include development fee exemptions, property tax exemptions, and bonus density. The team also administers the Inclusionary Housing program, which requires new housing developments to make a portion of units available at affordable rents to low- to moderate-income households. 349

City of Portland Fiscal Year 2026-27 Proposed Budget The program's primary goals are to promote the inclusion of affordable housing in otherwise market-rate developments, assist affordable housing developed and operated by nonprofit partners through financial incentives, and support the creation of more affordable homeownership opportunities for low- to moderate- income households. Services Permit review; application processing; legal document execution; compliance review; legal enforcement procedures; program policy review; administrative rule and code drafting; communication with public. Equity Impacts The Development Incentives programming advances equity by increasing the number of housing options available to low- to moderate-income renters and homebuyers across the City through otherwise market-rate development, without competing with other bureau funding directed towards the most vulnerable residents, and by supporting publicly funded projects through exemption programs.? Changes to Program The Development Incentives team implemented multiple Council-approved program changes to enact the decisions reached through the Inclusionary Housing calibration study process. City Council approved a temporary exemption of system development charges without affordability requirements, which may be reducing the number of homes that will include affordability restrictions through Development Incentives programs. 350

Parent: Portland Housing Bureau · PDF: pp. 349-350 ↗