Alliance comments on proposal to update floor-area-ratio bonus and transfer provisions



Alliance comments on proposal to update floor-area-ratio bonus and transfer provisions

These FAR bonus and transfer options are meant to prioritize affordable housing development and support other targeted public benefits in the central city.
The Alliance commented on a proposal to update the floor-area-ratio (FAR) bonus and transfer provisions of the Portland zoning code. These FAR bonus and transfer options are meant to prioritize affordable housing development and support other targeted public benefits in the central city. The Alliance expressed concern for housing affordability, but cautioned that any policy must be structured so that there is an incentive to use the bonus.  In addition, the Alliance suggested that any affordable housing bonus program apply to households up to 100 percent of median family income (MFI) and that the 3:1 cap on bonus FAR be raised for affordable housing. Portland City Council approved the resolution; further analysis will be conducted before specific FAR bonus and transfer modifications are voted on by City Council this fall. Read the letter