Applicants can elect to make 10% of the units affordable units at 60% MFI in buildings within the Central City. 

https://www.portland.gov/phb/inclusionary-housing/build-site-60-mfi 

The incentives received are...

• 10-year property tax exemption on affordable units and the applicable percentage of the residential related square footage  https://www.portland.gov/phb/inclusionary-housing/build-site-60-mfi 

• Affordable Housing Construction Excise Tax (AHCET) exemption on affordable units and applicable percentage of residential related square footage  https://www.portland.gov/sites/default/files/2021/attachment03ahcetexemptionapplication.docx

• SDC exemptions on affordable units  https://www.portland.gov/phb/development-incentive-programs/rental-programs#toc-rental-system-development-charge-sdc-exemption

• Buildings will be exempt from parking requirements as detailed in Title 33 Planning & Zoning

• Density/FAR bonus as detailed in Title 33 Planning & Zoning

• For properties with a base or built FAR of 5:1 or greater, this exemption applies to all rental residential units and the residential related square footage.

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