Oregon SB1521 requires cities and counties to offset developers' costs when mandating affordable housing in multiunit dwellings.

Oregon SB1521 mandates that cities and counties within the Portland Metropolitan Service Area (MSA) cannot enforce requirements for affordable housing units in multiunit dwellings unless they first calculate the developers' average expected losses due to providing affordable housing and offset those losses. The bill allows cities and counties to offer developers various incentives, such as density adjustments, expedited permitting, and fee waivers, to encourage the development of affordable housing.

Oregon SB1521 requires cities and counties to offset developers' costs when mandating affordable housing in multiunit dwellings.

Oregon SB1521 mandates that cities and counties within the Portland Metropolitan Service Area (MSA) cannot enforce requirements for affordable housing units in multiunit dwellings unless they first calculate the developers' average expected losses due to providing affordable housing and offset those losses. The bill allows cities and counties to offer developers various incentives, such as density adjustments, expedited permitting, and fee waivers, to encourage the development of affordable housing.