Faced with a severe housing shortage, Portland officials are considering offering developers tax breaks and zoning exemptions to incentivize the construction of affordable housing. The proposal, currently under review by the City Council, aims to address the affordability crisis that has gripped the city, driving up rents and pushing many residents to the brink of homelessness. The proposed incentives include a property tax abatement for up to 10 years, reduced permit fees, and density bonuses.