The final 2015 report provides market updates and a new, more detailed look at the City's own policies, programs, and funding for affordable housing.
The Portland Housing Bureau released the final State of Housing in Portland 2015 Report today, the follow-up to a preliminary report on the city’s housing market published earlier this spring.
The report provides a real-time look at Portland’s housing market by geography, housing type, and the relative affordability to Portlanders based on their income, household composition, race, and ethnicity. This final report updates those figures where new data has become available and closely examines the City’s own policies, programs, and funding for affordable housing.
A detailed look at the Housing Bureau’s production shows more than 1,100 new units of affordable housing currently in development, including more than 170 targeted toward extremely low-income households (those earning up to $22,050 for a family of four.)
New additions to the report also examine the City’s progress toward affordable housing policy goals established in various City plans dating back to 1980.
“This gives us a clear picture of where we have been successful as a City in meeting and exceeding our affordable housing goals, and where we still have more work to do,” said Housing Commissioner Dan Saltzman, who commissioned the report last year. “We now have a roadmap of where we need renewed focus to maximize the impact of our resources – and where we will need new tools and resources to achieve our goals.”
In the urban renewal areas, the City is meeting or exceeding affordable housing set-aside funding levels across the board, but overall success in production and program implementation varied by district and, frequently, by the resources available there.
The analysis also shows successes in the Central City, particularly on the west side, where regulated rental unit production remains high in an area of the city with a high concentration of extremely low-income households, and where programs are serving a diversity of Portlanders.
Report findings also show the overall picture in the market continues to be dire:
- Rents across the city increased since this time last year by more than $100 per month, on average.
- Housing cost and income disparities continue to limit housing opportunity for the average Black, Native American, and Alaska Native Portland household in every neighborhood in Portland, and are increasingly impacting Latino households and households headed by single mothers as well.
- Inflation-adjusted incomes have remained relatively flat, and Portlanders have generally not seen increases in household income to counterbalance increased housing costs.
“There is no more pressing issue facing our city right now than affordable housing. We must work to ensure that Portland’s families can afford to live and succeed here. We’ve been given a clear path forward and I’m committed to action,” Saltzman said.
The report will be presented to Portland City Council at 2pm on Wednesday, September 30th.
Click here to download the full report.