Portland City Council on Wednesday approved a set of new policies intended to lower the cost of building new homes.
PORTLAND, Ore. — Portland officials made a small but meaningful step forward on Wednesday in what hope to accelerate housing production in the city.
The city council approved a set of new policies intended to lower the cost of building new homes, including a tax break expansion for new apartment buildings subject to inclusionary housing requirements. Plus, the council approved a “regulatory relief” package that relaxes and puts on hold several zoning and permitting requirements for developers to build housing.
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