Downtown “affordable” housing inventory continues to descend

“The city of Portland, nonprofit housing developers and the Housing Authority of Portland deserve praise for slowing the rate of losing units downtown, but that’s not enough to end homelessness,” says Bobby Weinstock. “We’re still down over 1,800 units from our goal.”

The goal of creating and preserving 5,183 units of affordable housing downtown was set by City Council in 1988. The 2010 Northwest Pilot Project Downtown Portland Affordable Housing Inventory counts 3,315 units which currently rent for $437 per month or less. This is the rent level affordable to a single, full-time Oregon minimum wage earner. Affordable housing means paying no more than 30% of gross income for rent.

One response to “Downtown “affordable” housing inventory continues to descend

  1. Pingback: We want our 30% set aside, already! « For those who can’t afford free speech

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