Comments sought on affordable housing bond spending
The Portland Housing Bureau released the draft policy framework for spending $258.4 million in affordble housing bond fundsand invited public comment on it Wednesday.
The draft was written by a 22-member Stakeholder Advisory Group. It recommends where and how to spend the voter-approved funds to build and preserve 1,300 units affordable to households earning 60% or less of the Area Median Income ($3,735 monthly for a family of four). Almost half (600) will be affordable those with very-low or no income, and 650 will have two or three bedrooms.
The final version and is scheduled to be adopted by the City Council on Oct. 11. Five community meetings on the draft framework are scheduled between Sept. 6 and 27. The bureau is also conducted mail and online surveys on it. You can find details and take the survey at www.portlandoregon.gov/phb/74574.