The city council in Portland, Ore., recently approved the “Residential Infill Project” (RIP), a package of amendments to the city’s zoning code that legalizes up to four homes on nearly any residential lot and sharply limits building sizes.
Developers will now have the option to build as many as six homes on any lot if at least half of the resulting sixplex is available to low-income households at regulated, below-market prices. In addition, parking mandates that required builders to provide space for cars were eliminated on most of the city’s residentially zoned land.
The new regulations could generate an estimated 4,000 to 24,000 new units of housing and reduce displacement for vulnerable renters by 28%. Portland is one of the leaders among North American communities trying to boost new multi-unit residential projects.
Since 2018, Minneapolis, Seattle, Austin, and Vancouver, British Columbia have passed code reforms aimed at increasing housing stocks and reducing costs to developers and residents.
Related Stories
Market Data | Jul 20, 2021
Multifamily proposal activity maintains sizzling pace in Q2
Condos hit record high as all multifamily properties benefit from recovery.
Multifamily Housing | Jul 19, 2021
HAL Architects designs 'swimmable bridge' that connects two residential buildings
The project has been dubbed Sky Pool.
Multifamily Housing | Jul 19, 2021
Artesa at Menifee Town Center provides urban-style living in a small-town setting
MBK Rental Living is the project’s developer.
Multifamily Housing | Jul 15, 2021
Greystar’s The Pullman is a new mixed-use apartment community in Denver
The Mulhern Group designed the project.
Multifamily Housing | Jul 15, 2021
Economic rebound leads to record increase in multifamily asking rents
Across the country, multifamily rents have skyrocketed. Year-over-year rents are up by double digits in nine of the top 30 markets, while national YoY rent growth is up 6.3%. Emerging from the pandemic, a perfect storm of migration, enhanced government stimulus and a hot housing market, among other factors, has enabled this extremely strong growth.
Multifamily Housing | Jul 13, 2021
489-unit multifamily community completes redevelopment in Missouri
The community is located in Chesterfield, Mo.
Multifamily Housing | Jul 11, 2021
New fixed-wood closet system for multifamily developments introduced
VUE is a new high-quality, economical fixed-wood shelving system from Organized Living.
Multifamily Housing | Jul 11, 2021
Aluminum railing systems offer ‘versatile styling, easy installation’
Trex Aluminum railing systems offer ‘versatile styling, easy installation,' says the manufacturer.
