Local requirements to develop affordable housing

Oregon SB1521 requires cities and counties in the Portland area to cover the costs that builders incur when they are required to include affordable housing units in their projects. Before imposing such requirements, local governments must calculate the expected financial losses for developers and provide compensation for those losses. This law will apply to rental housing starting in 2028 and to all housing by 2029.

Supporters of SB1521 argue that this bill will encourage the construction of more affordable housing by alleviating financial burdens on developers. By ensuring that local governments help offset costs, it creates a more collaborative approach to addressing the housing crisis in the Portland area.

Critics of SB1521 contend that the bill could hinder the development of affordable housing by placing additional financial calculations and requirements on local governments. They argue that it may delay the construction of much-needed housing units and ultimately benefit developers at the expense of the community's housing needs.