Community Resilience

Housing in Lloyd

In the face of a housing crisis, Lloyd stands to absorb thousands of units in housing over the next decade. How is this best achieved? Alongside our partners, we intend to find out.

Reflection of Lloyd buildings in window

In 2023, the Lloyd EcoDistrict contracted with Revive Planning, a group of Master of Urban and Regional Planning students at Portland State University, to study potential policy interventions to spur office-to-residential conversions, specifically in Portland’s Central City neighborhood of Lloyd.

Though the project initially was focused on commercial building conversions, the team made alternative final recommendations based on their research.

1) Work with property owners of surface parking lots.

2) Advocate for a statewide land value tax.

3) Retire the Lloyd Design Overlay.

4) Study costs and benefits of seismic standards for office.

Final Report

The final report produced by the PSU team was based on discussions with property owners, planners, developers, architects, and community organizations from March 20 May 2024 to gain context on conversions and policy solutions. The team also developed an evaluation matrix and a robust financial model to test assumptions and costs related to each recommendation.

View the final presentation:

View or download the final report.

Existing Conditions Report

The first report produced by the PSU team analyzes existing conditions in the Lloyd as a foundation for further research into the possibility of office-to-residential conversions in the district. The report is divided into four sections.

Key Takeaways:

● Lloyd is still primarily commercial over residential, but the zoning code allows a lot of flexibility and thus potential to make meaningful changes.
● Lloyd has a legacy of displacement in favor of economic development, especially due to the large infrastructure projects in the second half of the 20th century, which displaced a large portion of Portland’s Black community.
● Several policies have been implemented recently to make conversion easier, but they are either too new or insufficient to move the needle meaningfully.
● There are significant financial hurdles to conversion, especially with seismic retrofit requirements in Portland. Office vacancy rates are still lower than in the Commercial Business District (CBD), and current
market conditions have not deteriorated enough for conversion to be attractive for most buildings.

View or download the Existing Conditions Report.

Next Steps

Using the report’s findings, we are planning the next steps to advocate for increased housing in Lloyd through policy change, public/private partnerships, TIF funding, targeted outreach, and conversations with subject matter experts.

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