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...
Source: portlandmercury.com