Portland City Council to vote on housing bond spending plan
PORTLAND, Ore. —
The Portland City Council is set to vote Wednesday on a spending plan for the city’s housing bond.
Voters passed the more than $258 million bond last November. The goal was to create or obtain 1,300 housing units.
Fifteen percent of that bond already helped the city acquire the Ellington Apartments in Northeast. The complex has 263 units.
Mayor Ted Wheeler said at the beginning of the year that he wanted to have a clear and informed plan before the city uses the rest of the funds.
Through the spring a team researched who was the most in need and which areas or types of units would work best.
"Apartment complexes for individuals or families who have incomes less than 60 percent of the median income. At least 400 units of those will be for extremely low income people," said Kurt Creager, director of the Portland Housing Bureau.
The framework says communities of color, families and immigrant and refugees are a priority.
For locations, the city wants to invest in areas that don’t have a lot of resources and ones with planned transit investments.