RIP2 Portland Residential Infill Project Update
August 1, 2022
In our recent article, Top 5 Portland Real Estate Market News Stories so Far 2022, we touched on the most recent update on the Portland Residential Infill Project (RIP1): the development and implementation of RIP2. Portland’s residential infill project, in addition to new home construction rates, and updated ADU (additional dwelling unit) guidelines, help us understand whether or not Portland’s housing supply will increase enough (or not enough) to meet housing demand over time. Here, we’re delving deeper into the expansion of Portland’s new zoning, RIP2, that will allow the construction of multiple additional dwelling units (ADUs) on single-family lots with fewer restrictions. In June, 2022 RIP2 passed and is in effect throughout Portland, Oregon. First, let’s look at what...