Housing & Permitting Committee - 2026-04-07
Approves Portland Housing Bureau Supplemental Budget FY 2025-2026, 5-0
What happened
The Housing and Permitting Committee approved two major ordinances: adoption of the state's Moderate Income Revolving Loan Program (MERL) to finance housing for 50-120% AMI households, and a $56 million supplemental budget for Portland Housing Bureau allocating funds to rent assi…
- Jurisdiction
- Portland, OR
- Governing body
- Final authority
- Date
- April 7, 2026
- Decisions
- 10 zoning decisions
- Outcome
- Approved, 5-0
Meeting Summary
The Housing and Permitting Committee approved two major ordinances: adoption of the state's Moderate Income Revolving Loan Program (MERL) to finance housing for 50-120% AMI households, and a $56 million supplemental budget for Portland Housing Bureau allocating funds to rent assi…
Key Decisions (10)
Moderate Income Revolving Loan Program (MERL) Adoption
Portland Housing Bureau Supplemental Budget FY 2025-2026
Amendment lowering MERL minimum units from 75 to 20
Development Activity (6)
Broadway Corridor Parcel Six
Mixed-Use
Monarcha (formerly Minnesota Places)
Residential
Williams and Russell
Residential
Market Signals (8)
Housing Demand
Portland needs over 25,000 new units serving middle income families…
Housing Demand
Only approximately 650 units were submitted for permit in 2025,…
Sentiment
Multiple affordable housing providers testified that deeply affordable housing (0-30%…
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