The Portland Business Alliance has endorsed the $258.4 million affordable housing bond that will appear on Portlands Nov. 8 ballot.
The PBA joined a long list of housing advocates and others lining up behind the measure.
Housing affordability is a critical issue facing individuals and families in this area, and we appreciate that the city has come forward with a new tool to provide more options, said Sandra McDonough, president and CEO of the Portland Business Alliance, in a media release. This bond proposal is an important part of the equation to address housing affordability in Portland.
PBA, which serves as the citys Chamber of Commerce, urged city officials to maximize use of the money by reducing the per-unit cost of construction.