October Newsletter: Portland's Housing Bond begins winding down

Friends and Neighbors,

In the seven years since its historic passage by the voters, we have been hard at work on implementing Portland's Housing Bond. With the recent groundbreaking at Francis + Clare Place, there is only one remaining Bond project waiting to begin construction — the Bond is quickly approaching its final phase of implementation.

So, how have we been doing? With the allocation of all remaining Bond funds in 2022, we are proud to be exceeding all major production goals for the Bond. Not only have we produced 43% more affordable homes than initially promised, but we are also creating more homes for families, more Permanent Supportive Housing, and more deeply affordable homes than we committed to in 2016.

I am deeply grateful to the staff at the Portland Housing Bureau, and to all of our housing partners, for being such diligent stewards of Portland's taxpayer dollars. In the midst of a deep and prolonged housing crisis and resulting houselessness, every affordable unit counts. These 1,859 new homes will make a meaningful impact for our City in these challenging times. Thank you to Portland voters for stepping up for housing.

Gracias,