The Lake Oswego City Council voted Tuesday, Oct. 5, on a zone change that would allow an affordable housing project on the Boones Ferry Road construction staging area.
The council held a public hearing during a special meeting in September and directed staff to return Oct. 5. The hearing included a final ordinance and findings for adoption to rezone the property to allow for multi-family affordable housing. During the Oct. 5 meeting, the council voted to unanimously approve the final ordinance.
The Boones Ferry Road staging area, which is located on the corner of Boones Ferry Road and West Sunset Drive, is nearly 1.5 acres of land owned by the city and prior to the Oct. 5 vote was mostly zoned for office-commercial use, with a small portion zoned for high-density residential.
In order for housing to be allowed on the site, zone changes and amendments to the comprehensive plan were necessary. The property is now zoned for purely office-commercial use with multifamily residential uses added to the list of uses allowed in the zone.
During the September meeting, Planning and Building Services Director Scot Siegel said staff used a target of 50 units on the site to evaluate the zoning amendments, though he added that this was not an actual development proposal. The property, he said, uses the affordability criteria of a family earning at or below 80% of the area median income. For a family of four in 2020, that would be about $74,000 in Lake Oswego. Siegel said this is similar to what a Lake Oswego firefighter would make, or a household with an entry level teacher who has a partner earning minimum wage.
Staff said one potential layout that could fit on that property would be a three-building multi-family development with 54 units and 68 parking spaces.
For more information, visit the city's website.
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