Portland Housing Bureau announces $28.8 million to speed up affordable housing

Portland Housing Bureau announces $28.8 million to speed up affordable housing  KOIN.com

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Sep 3, 2023 - 17:00
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Portland Housing Bureau announces $28.8 million to speed up affordable housing

Portland Housing Bureau Releases Funding for Multifamily Projects

Portland Housing Bureau Releases Funding for Multifamily Projects

The Portland Housing Bureau has released $28.8 million to fill funding gaps in permit-ready multifamily projects to help achieve the goals of the city’s share of the Metro Affordable Housing Bond. The funding will particularly focus on extremely-low income units restricted at 30% of Area Median Income and Permanent Supportive Housing units for the chronically homeless.

Metro Bond Opportunity “Last Gap” Solicitation

The Metro Bond Opportunity “Last Gap” Solicitation, announced by the bureau on Aug. 30, includes financing from various sources such as Metro’s Supportive Services Housing measure, Multnomah County’s General Fund, the Portland Clean Energy Fund, and rent support vouchers from Home Forward. These funds are expected to bring at least 400 affordable homes, either new or acquired, to the market. The goal is to expedite the process of providing affordable housing compared to traditional investments.

Partnership and Collaboration

“This funding opportunity represents a significant, innovative partnership between the City of Portland and Multnomah County to address our region’s housing affordability crisis,” said Portland City Commissioner Carmen Rubio, who oversees the bureau. “This type of creative collaboration across agencies and jurisdictions is exactly what our city and our region need to urgently and equitably address the housing crisis. I look forward to seeing the proposals for these funds come to fruition.”

“This is the type of City-County partnership we need more of to respond to our housing crisis,” said Multnomah County Commissioner Susheela Jayapal, who advocated for one-time county funds to be used for such a partnership. “By asking for innovative ideas and cutting red tape, we can get these projects over the finish line and make an immediate impact.”

Eligibility and Impact

The announcement stated that planned projects may be eligible if they are permit-ready but in need of additional capital. Additionally, due to the county’s $9.75 million capital investment, some projects already under construction or near completion may also be eligible.

For more information, please visit PortlandTribune.com.

The Portland Tribune and its parent company Pamplin Media Group are KOIN 6 News media partners

SDGs, Targets, and Indicators

SDGs Targets Indicators

SDG 1: No Poverty
  • 1.1 By 2030, eradicate extreme poverty for all people everywhere, currently measured as people living on less than $1.25 a day
  • 1.2 By 2030, reduce at least by half the proportion of men, women, and children of all ages living in poverty in all its dimensions according to national definitions
 No specific indicators mentioned in the article.

SDG 11: Sustainable Cities and Communities
  • 11.1 By 2030, ensure access for all to adequate, safe, and affordable housing and basic services and upgrade slums
  • 11.3 By 2030, enhance inclusive and sustainable urbanization and capacity for participatory, integrated, and sustainable human settlement planning and management in all countries
 No specific indicators mentioned in the article.

SDG 17: Partnerships for the Goals
  • 17.17 Encourage and promote effective public, public-private, and civil society partnerships, building on the experience and resourcing strategies of partnerships
  • 17.19 By 2030, build on existing initiatives to develop measurements of progress on sustainable development that complement gross domestic product, and support statistical capacity-building in developing countries
 No specific indicators mentioned in the article.

Analysis

1. Which SDGs are addressed or connected to the issues highlighted in the article?

The issues highlighted in the article are connected to SDG 1: No Poverty, SDG 11: Sustainable Cities and Communities, and SDG 17: Partnerships for the Goals.

2. What specific targets under those SDGs can be identified based on the article’s content?

Based on the article’s content, the specific targets that can be identified are:

  • Target 1.1: By 2030, eradicate extreme poverty for all people everywhere, currently measured as people living on less than $1.25 a day
  • Target 1.2: By 2030, reduce at least by half the proportion of men, women, and children of all ages living in poverty in all its dimensions according to national definitions
  • Target 11.1: By 2030, ensure access for all to adequate, safe, and affordable housing and basic services and upgrade slums
  • Target 11.3: By 2030, enhance inclusive and sustainable urbanization and capacity for participatory, integrated, and sustainable human settlement planning and management in all countries
  • Target 17.17: Encourage and promote effective public, public-private, and civil society partnerships, building on the experience and resourcing strategies of partnerships
  • Target 17.19: By 2030, build on existing initiatives to develop measurements of progress on sustainable development that complement gross domestic product, and support statistical capacity-building in developing countries

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

No specific indicators are mentioned or implied in the article that can be used to measure progress towards the identified targets.

SDGs, Targets, and Indicators

SDGs Targets Indicators

SDG 1: No Poverty
  • 1.1 By 2030, eradicate extreme poverty for all people everywhere, currently measured as people living on less than $1.25 a day
  • 1.2 By 2030, reduce at least by half the proportion of men, women, and children of all ages living in poverty in all its dimensions according to national definitions
 No specific indicators mentioned in the article.

SDG 11: Sustainable Cities and Communities
  • 11.1 By 2030, ensure access for all to adequate, safe, and affordable housing and basic services and upgrade slums
  • 11.3 By 2030, enhance inclusive and sustainable urbanization and capacity for participatory, integrated, and sustainable human settlement planning and management in all countries
 No specific indicators mentioned in the article.

SDG 17: Partnerships for the Goals
  • 17.17 Encourage and promote effective public, public-private, and civil society partnerships, building on the experience and resourcing strategies of partnerships
  • 17.19 By 2030, build on existing initiatives to develop measurements of progress on sustainable development that complement gross domestic product, and support statistical capacity-building in developing countries
 No specific indicators mentioned in the article.

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: koin.com

 

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