Tuesday, April 10, 2012

Updated Metro Affordable Housing Supply Comments Now Include City Comparisons by Income.

Using data from the Metro housing supply database, I have updated my prior analysis of the Metro housing supply report HERE and added Appendix 4 [p.9], a draft table showing the rate of regulated housing supply vs the total number of housing units in 24 Metro Portland cities. 

That draft table shows that:
  1. For every 1,000 housing units , Portland has a regulated affordable housing supply of 83 units vs 43 units in the other 23 cities. (See far right column in table) That's about a 2 to 1 ratio. [8.3% rate vs. 4.3% rate].
  2. The rate of regulated supply affordable to households with incomes below 50% (See column with GREEN fill) drops to 35 units per 1,000 in Portland to only 6 per 1,000 housing units in the 23 other Metro Cities. That means that the rate in Portland for regulated housing affordable to incomes below 50% MFI is nearly 6 times the combined rate in 23 other Metro cities. [ 3.5% rate vs .6% rate].
Originally created and posted on the Oregon Housing Blog

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