Portland could forgo $63M for parks, other capital projects to spur homebuilding

A proposal to waive Portland's housing development fees for three years could cost the city up to $63 million in funding for parks, transportation, and infrastructure. The plan aims to boost housing construction, which has slowed, by exempting fees that average $25,000 per unit. While it may increase new units to over 4,000, it falls short of the 5,000-unit target and risks reducing funds for essential city projects.