Record number of construction projects underway in Portland
PORTLAND, Ore. —
A development report released Monday says there are a record number of construction projects underway in Portland.
Nine of the 48 projects underway are in the hotel industry, which the Portland Business Alliance hopes will create jobs.
The report highlights how developers rushed to beat new affordable housing requirements which took effect in February 2017.
In the weeks leading up to the new rules, developers submitted permits for 19,000 new units.
In the first year with the new rules, only 17 new permits were filed.