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Portland City Code ch. 14

Citation
Portland City Code ch. 14
Parent Document
Portland City Code ch. 14
Jurisdiction
Portland (municipal)

Other Sections in This Document (541)

Full Text

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review on the condition that they comply with           creation of an adequate supply of housing,
     the requirements of this Subsection 18.2.5.             particularly affordable housing, for all economic
D. Low-income housing minimum. All hotel                     groups and to limit the net loss of housing units
     projects shall provide one unit of low-income           in the city.
     housing for rent in the City of Portland for       B.   To serve as a vehicle for addressing very low,
     every 28 rooms in the hotel project, which shall        low, and median income housing needs
     meet the standards outlined in Subsections              through a combination of funds as set out in
     18.2.3(C)(3), (4), and (5) and in the                   this article.
     implementing regulations governing low-
     income units. This amount shall be rounded up      18.3.2 Establishment of the Jill C. Duson
     to the nearest increment of 28 rooms. These             Housing Trust Fund
     units shall be deed restricted for the longest     The City Council shall establish a special revenue
     period permitted by law, shall not be used for     account under the name “City of Portland Jill C.
     short-term rentals of less than 30 days, and       Duson Housing Trust Fund” (Housing Trust Fund).
     must be provided with distinct entrances from      Deposits into the fund shall include:
     the street to delineate them from the hotel        A.   Contributions from the City’s housing
     itself.                                                 replacement ordinance under Subsection 18.1.8.