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Housing bureau details bond‑funded production, preservation and acquisition strategies
Summary
Portland Housing Bureau told City Council it has used bond and other funds to produce thousands of affordable homes, is deploying acquisition and preservation tools, and is exploring land‑banking and other strategies for future purchases.
The Portland Housing Bureau briefed City Council on Jan. 30 about recent production, preservation and acquisition activity supported by voter‑approved housing bonds, metro bond funds and other financing tools.
Director Helmi Hisrick told councilors that PHB has organized its work around “five P’s” including producing new housing, preserving vulnerable housing, preventing displacement, promoting equity and prioritizing environmental sustainability. She said the bureau leverages the Portland housing bond, the Metro housing bond, tax increment financing and other sources to support affordable housing development and long affordability terms—recent projects have 99‑year affordability covenants.
Hisrick said PHB has…
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