421 SW 6th Avenue, Suite 500, Portland, OR 97204
The $258.4 million general obligation bond for affordable housing was passed last November by Portland voters and financed the acquisition of 263 units the following month when Council approved the purchase of the Ellington Apartments.
Under direction from Mayor Wheeler, the Portland Housing Bureau began a robust community process with an 18-member public advisory body this April to develop a policy framework to guide the City in further Bond investments.
On Wednesday, October 11, City Council will vote on the final Framework, which establishes production goals for Portland’s Housing Bond and outlines the community priorities that will inform decisions about the location of bond projects and other criteria for building and land acquisition, as well as the priority populations to be served through bond-financed housing. It also provides guidelines for development, operations, and services, as well as reporting metrics, and guidance for ongoing community engagement.
If you would like to contact someone related to Portland’s Housing Bond, or get on the mailing list for future updates and notices, send an email to email@example.com or call Jennifer Chang at 503.823.2391.
We are currently seeking public input on the Draft Policy Framework plan for the Affordable Housing Bond