By Jayati Ramakrishnan

The Portland City Council on Wednesday approved a slate of new policies intended to lower the cost of building new homes, including an expansion of tax breaks for new apartment buildings subject to the city’s inclusionary zoning mandate.

The inclusionary zoning policy requires large new apartment buildings to include affordable units. The tax breaks are intended to offset the losses from reduced rents in the affordable units, which officials expect could help more units get built. . . Click HERE to read the full article