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Portland Housing Bureau details production strategy and preservation risks; bureau warns rising costs threaten existing affordable units
Summary
Portland Housing Bureau briefed the committee on its housing production strategy and a preservation-focused follow-up, saying tax-increment financing and federal grants will support production while hundreds of regulated affordable units face operating and capital risks.
The Portland Housing Bureau (PHB) presented a multi-part briefing on April 22 that covered the bureau’s housing production strategy, near-term actions funded by federal grants, and a preservation-focused deep dive that warned hundreds of regulated affordable units are at risk in the coming 6–18 months.
PHB Director Helmi Hisrick summarized accomplishments and near-term steps: the city supported six new tax-increment financing (TIF) districts in 2024, and under the bureau’s current policy the affordable-housing set-aside will direct a substantial portion of TIF proceeds toward housing in those districts. Hisrick said the bureau raised grant funds in 2024 — PHB reported $20 million in…
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