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SB 1533 - Authorizes Inclusionary Zoning - Oregon Key Vote

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Title: Authorizes Inclusionary Zoning

Vote Smart's Synopsis:

Vote to pass a bill that authorizes a city to establish inclusionary zoning regulations.

Highlights:

  • Authorizes a city or county to adopt a regulation, plan, or condition for a permit that requires up to 20 percent of units in a new multifamily structure to be designated as “affordable housing” (Sec. 1).
  • Defines “affordable housing” as housing that is affordable to a household with an income of at least 80 percent of the median family income for the county (Sec.1).
  • Specifies that an inclusionary housing regulation applies to multifamily structures containing at least 20 housing units (Sec. 1).
  • Requires an inclusionary housing regulation to offer developers certain incentives including, but not limited to, density adjustments and height or floor area modifications (Sec. 1).
  • Authorizes a city or county to impose a construction tax up to 1 percent of the permit valuation for residential construction permits (Sec. 8).
  • Appropriates 35 percent of revenue gained from a construction tax to programs and incentives related to affordable housing (Sec. 9).

Full Bill Text

Title: Authorizes Inclusionary Zoning

NOTE: THIS BILL WAS PRINTED BY ORDER OF THE SPEAKER OF THE HOUSE OR PRESIDENT OF THE SENATE BY REQUEST OF AN INTERIM COMMITTEE THAT IS SPECIFIED IN THE HIGHLIGHTS, BUT THE LISTING OF THESE OFFICIALS AS SPONSORS INDICATES NEITHER ADVOCACY NOR OPPOSITION TO THE LEGISLATION ON THEIR PART.

Committee Sponsors

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