City Observatory: Educating Portland Council on Housing Economics 101

City Observatory has had quite the slog this past week educating the Portland City Council about Housing Economics 101. Today, the commentary included this quote:

"... to make up for the displacement effect of NOT building [275-unit] Fremont Place, Portland is going to have to come up with something like 130 units of affordable housing. Those are currently running in the range of $300K (and up), so that’s like $40 million worth of affordable housing you would have to build to offset the displacement from not building Fremont Place."  Read more.