Seeking Member Input on the Affordable Housing Bond
Business for a Better Portland is gearing up to take its first-ever position on a ballot measure, and we want to hear from our members!
In early June, the BBPDX Board of Directors was asked to endorse the proposed $652.8 million Affordable Housing general obligation bond that Portland-area voters will consider in November.
Understanding that addressing housing affordability is a complex issue, we are convening a members-only work group to determine whether BBPDX should endorse this measure.
More info about the bond (from Metro):
"The proposed $652.8 million bond measure could fund the construction, acquisition and renovation of affordable housing for approximately 7,500 to 12,000 people in the greater Portland region. The measures defines affordable housing as land and improvements for residential units occupied by low-income households making 80 percent or less of area median income, which in 2018 for a family of four was $65,120. If approved, the bond is expected to cost the region’s homeowners an average of $5 a month, or 24 cents per $1,000 of assessed property value."
Affordable Housing Bond Workgroup Event Information
- Hear directly from ballot measure supporters and opponents
- Discuss with other BBPDX members the benefits and drawbacks of endorsing this initiative
- Make recommendations on the organization’s next steps on this issue
When: July 19, 5:30 - 7:00 PM, light refreshments will be provided
Where: BBPDX’s office (911 NE Davis Street, inside OneEnergy Renewables)
Can't make it on the 19th? Fill out this form to let us know you are interested in the issue so we can stay in touch.