Portland City Council Approves Incentives for Office-to-Apartment Building Conversions

Facing a housing crisis and a sluggish downtown economy, Portland City Council is aiming to incentivize developers to convert vacant office buildings into residential apartment complexes by waiving up to $3 million in fees and relaxing seismic requirements. On Wednesday, City Council unanimously passed two of what they say is just the beginning of an array of incentives to revitalize downtown and address the city’s housing shortage. “This is not the solution to our homeless...

Related Keywords

Salt Lake City , Utah , United States , New York , Dallas , Texas , Washington , San Francisco , California , Cole Merkel , Carmen Rubio , Jim Atwood , Amit Kumar , Ted Wheeler , Garrett Runck , Sarah Zahn , City Council , Portland City Council , Bureau Of Development Services , System Development , Development Partners , Portland State University Center , Central Business District , Real Estate , System Development Charges , Commissioner Carmen Rubio , Development Services , Big One , Chief Operating Officer , Urban Development Partners ,