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AFFORDABLE HOUSING PRODUCED: Number of housing units produced and in progress receiving City or Prosper support
Current Value
3,514
Definition
Why Is This Important?
The number of housing units built or in progress that get Housing Bureau or Prosper Portland financial help through direct and indirect subsidies is important because it shows how much the City is working to make housing more affordable.
A higher number of financially supported units means more help for people who are having trouble affording a home. The United States Department of Housing and Urban Development (HUD) defines affordable housing as housing with monthly costs, including utilities other than telephone, that do not exceed 30% of a household's monthly income.
What Do The Numbers Show?
The number of units produced and in progress receiving financial subsidies increased in FY 2023-24 and declined to 3,514 units in FY 2024-25. This is due to several factors, including the size and complexity of projects under construction. Housing projects typically take 12 to 18 months to reach completion.
How Did We Arrive at These Numbers?
These numbers reflect an annual count of housing units built and in progress receiving City or Prosper support. The Housing Bureau's website provides maps of its regulated affordable housing portfolio.
Where Can I Find More Information?
Detailed information on Portland's housing production, stock and affordability can be found in the Portland Housing Bureau's State of Housing Report.
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