Now Fully Funded, Portland’s Affordability Mandate Should Be a Model
Underfunded inclusionary zoning fails, but fully funded programs can be a boost to below-market housing and a fiscal bargain.
Underfunded inclusionary zoning fails, but fully funded programs can be a boost to below-market housing and a fiscal bargain.
The usual way to get more homes built is wait for prices go up. But there is another way.
August 1, 2023 MEDIA CONTACT: Michael Andersen, Sightline Institute, michael@sightline.org PORTLAND, OR – A new city-commissioned study of Portland’s six-year-old affordability mandate for new apartment buildings suggests that the rental program can work well when fully funded, but that it is not currently fully funded outside central Portland. The Pacific Northwest-based think tank Sightline … Read more
Takeaways Portland’s mandatory affordability program seems to be fully funded in the Central City but underfunded elsewhere. A fully funded program would efficiently create more market-rate homes and more below-market homes citywide. Maximizing lower-income households in high-opportunity areas would play to the program’s strengths while eliminating unintended subsidies for market-rate homes. Find audio versions of … Read more
July 18, 2023 MEDIA CONTACTS: Alan Durning, Executive Director, alan@sightline.org; Jay Lee, Senior Research Associate (Portland), jay@sightline.org FULL LETTER: Sightline’s Concerns about Proposed Revisions to Charter Amendments (PDF download) PORTLAND, OR – Leadership of Sightline Institute, the Pacific Northwest’s leading think tank, have submitted a letter to the Portland City Council and Mayor Wheeler strongly … Read more
Six months into the pioneering state policy, regulatory costs are falling and projects are springing to life.
Early efforts in California, Colorado, and New York offer lessons to get started.
June 6, 2023 MEDIA CONTACT: Michael Andersen, Sightline Institute, michael@sightline.org SALEM, OR – A group of Oregon housing experts has a unique idea to help the state build more homes that residents badly need: the state could offer interest-free loans to potential low- and mid-price housing projects that can demonstrate they’re just slightly short of … Read more
Takeaways Gov. Tina Kotek set a very public goal of producing 36,000 homes per year, but each below-market home requires an average of $225,000 in state subsidy. Also, many people who make too much to qualify for those homes still struggle to pay for housing. A state payment averaging $25,000 per unit could greatly boost … Read more