Here's the $258.4 Million Housing Bond You'll Be Voting on in November

Portland Mercury:

Hey, Portland: You know how this city is currently short about 24,000 affordable units? And how the rent here is shooting up as fast, or faster, than anywhere in the country—15 percent in the last year—meaning that number is only going to rise?

Meet the latest effort to improve matters. City Council next week will almost certainly vote to refer a $258.4 million bond measure to the November ballot. If approved, it'd allow the city to borrow that much from the bond market, and pay it back over time via your higher property taxes.

Read the full article here. Discuss below.

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