July Newsletter: Major Milestones Abound for Portland's Housing Bond

Friends and Neighbors,

What a difference six months makes! In our 2022 Progress Report for Portland's Housing Bond, I proudly told you about seven Bond projects containing 853 affordable homes open to new residents. Today, I'm thrilled to report that three more projects have opened either fully or partially, bringing us to more than 1,100 affordable homes opened with Bond funding. And with two groundbreakings already this year, there is now only one Bond project that has yet to begin construction.

That project, as you'll learn below, is a new addition to the Bond roster: hollywoodHUB, which will bring a total of 222 units of transit-oriented affordable development to an amenity-rich neighborhood in central Northeast Portland when it opens in 2026.

As we get ever closer to fulfilling - and outperforming - the promise of Portland's Housing Bond, I want to yet again thank the voters who prioritized a vision of a more just, safe, and diverse city when they passed the measure in 2016. This investment, the first of its kind in Portland history, marks a commitment on behalf of all Portlanders to ensure stable, affordable housing for the most vulnerable among us. As we envision next steps, let's reflect upon the amazing things we can accomplish when we work together as a community towards a future in which everyone has an affordable place to live.

Gracias,