Friday, September 30, 2016

Willamette Week Questions Cost Effectiveness of City Investments in Affordable Housing

City of Portland's Housing Bureau has spent $73.5 million annually over the past decade on housing and homeless services, and is currently looking for voter approval for a $258 million affordable housing bond. The Willamette Week published an investigation into how the city is spending this money, and evaluated whether the city is prioritizing bringing as many units on line as possible.  The article discusses one renovation that cost the city $514 per square foot, and juxtaposes the city's spending with that of private developer Rob Justus. Read more.