"Twenty years ago, City officials outlined a vision to transform miles of vacant land into a vibrant commercial and residential district where Portlanders of all income levels could find a place to live and share in the opportunities it would bring. The River District Housing Implementation Strategy Update that followed in 1999 targeted 5,000 new housing units by 2020 of which at least 1,750 (or 35%) would be affordable. The City has invested in 2,279 new affordable units through 2014. However, the total number of housing units built in the River District Plan area far exceeded that original target of 5,000 units and the volume of affordable housing production has not matched the pace of market development, despite the aspirations and hard work of the many people that fought to make it happen.
Still, holding a vision of a community built for everyone pushed us as a City toward new thinking about sustainable resources for affordable housing...."
Click here to read the full message.