We investigated the effect of home teardowns on affordable housing.
While most teardowns of original single-family homes in this neighborhood are being replaced by apartment buildings, it is not the teardowns that are destroying affordable housing, it is the owners of these buildings that are raising the rent. It appeared that the more affordable housing is popping up along the major roadways like MLK Blvd. On the residential streets we saw more expensive townhouses being built. While more housing is becoming available, the cost of rent is escalating and people in these neighborhoods are being displaced: low- and middle-income locals being forced out by high demand. As long as the influx of people to Portland continues to increase, the need for housing will be high and the cost of rent can continue to rise.
Should Portland stay the “same”?
We know that something needs to change in Portland’s policies, but is that with rent control, tenant protection, zoning codes, or something else? I’m not sure what the solution should be. But that’s a question to ask at BPS tomorrow, and to learn more about in the next few weeks.