By itself, BHD will not directly address housing affordability or displacement, except for the possibility of incentives for projects that include affordable housing. This project is intended to complement other City projects and initiatives that more directly address these issues, such as the Inclusionary Housing Project; efforts that bring additional funding for affordable housing, such as the Affordable Housing Bond and the Construction Excise Tax; the North/Northeast Neighborhood Housing Strategy; and a range of other housing programs administered by the Portland Housing Bureau.
This project could help address housing affordability in less direct ways by:
- Reducing regulatory barriers to the production of housing. This should help address the housing shortage, which has contributed to the increasing rents and home prices.
- Changing regulations to broaden the range of housing types being built in the multi-dwelling zones, including those that are less expensive than the townhouses and detached houses common in some zones.