Portland’s inaugural State of Housing report shows the city is failing to meet its 2001 affordable housing goal — coming up short by 1,468 units.
The report offers a detailed look at the city’s affordable housing stock, and it paints a grim picture for people of color, finding that the average black family can’t afford to rent a two-bedroom apartment anywhere in the city.
Only a handful of neighborhoods were within reach for the average Latino family, and two Portland neighborhoods, 122nd-Division and Centennial-Glenfair-Wilkes, were deemed affordable for the average single-mother household.
“This report tells one clear story, and that is, we have to build more units,” said city commissioner Nick Fish at Wednesday’s council meeting.
Portland Mayor Charlie Hales agreed that more units need to be built, but he says that will require new ways to raise money. City commissioners discussed several ideas for generating new revenue, including the investment of surplus funds and a tax for demolitions at Wednesday’s meeting.
Federal funding for affordable housing has declined since 2003.