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Metro explores regional land‑banking models to speed affordable housing development
Summary
Metro briefed the subcommittee on a study to explore land‑banking frameworks to acquire and prepare sites for affordable housing, citing brownfield remediation and infrastructure readiness as key barriers. Staff seeks a preferred framework by fall to inform the 2027 legislative session.
Metro staff described an exploratory land‑banking study they are carrying out to support housing production and reduce barriers to site assembly and pre‑development.
Brian Harper and Andrea Pastor said land banking can lower the cost and risk of acquiring sites, allow coordinated pre‑development and environmental cleanup for complicated parcels, and help leverage funding sources such as housing bond dollars, state housing innovation funds, tax increment and philanthropic capital. Metro staff noted prior regional experience with…
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