The 2023 Progress Report for Portland's Housing Bond reveals a promising advancement in the city’s efforts to provide affordable housing, with 1,284 units opened to date. Originally passed by voters in 2016, the bond committed $258. 4 million to create 1,300 permanently affordable homes for those in need. The report highlights that 11 out of 15 projects are now operational, benefiting approximately 2,938 residents. With an additional 575 units in development, the total is projected to exceed 4,000 homes, significantly surpassing initial goals.

The Portland Housing Bureau (PHB) expresses gratitude to the voters for their support and acknowledges the crucial role played by community organizations in this initiative. Special thanks are extended to various local agencies that partnered in the effort, ensuring that the investments reflect community values. The report emphasizes the importance of sustaining housing stability for vulnerable populations in Portland. Overall, this progress report not only marks a significant achievement but also reinforces the commitment to affordable housing in the city.