Portland voters will consider a $258 million bond measure this fall to build and preserve affordable housing.
The Portland City Council voted unanimously Thursday to put the housing bond on the November ballot. It would create 1,300 housing units — about half of them large enough for families with children.
The bond is part of a series of measures aimed at easing Portland’s housing crunch. City leaders also passed a construction excise tax this week that could raise as much as $12 million annually.
Housing experts say the city needs 25,000 new affordable units to make a true dent in the homelessness crisis.
The city estimates the bond measure would cost the typical Portland homeowner about $75 per year.
OPB’s Anna Griffin talked to All Things Considered host Kate Davidson about the bond measure and the housing crisis during the City Council debate. Listen to their conversation by clicking on the audio player at the top of this story.