How Portland, OR made housing more affordable

About this Video

• Video Title: How Portland, OR made housing more affordable
• Channel: NBC News
• Speakers: Steve Patterson, Josie Cantú, Oregon's Governor (unnamed)
• Duration: 00:02:51

Introduction

This NBC News report explores Portland, Oregon's successful strategy to increase housing affordability. The video focuses on a policy shift allowing the construction of duplexes, triplexes, and quadplexes on lots previously zoned for single-family homes. The impact of this policy and its potential statewide implementation are highlighted.

Key Takeaways

• Middle Housing Policy: Portland's approval of middle housing (duplexes, triplexes, quadplexes) on lots previously zoned for single-family homes has significantly increased housing inventory.
• Affordability Impact: The new housing units are approximately $300,000 less expensive than typical single-family homes, making homeownership more accessible.
• Statewide Consideration: Oregon's governor is proposing a statewide expansion of this middle housing model to address the nationwide housing crisis. A new bill aims to provide developers with more housing options.
• Infrastructure Challenges: Portland faces infrastructure challenges due to increased density, requiring updates to water, sewer, and transit systems.
• Positive Impact on Residents: The policy has demonstrably helped residents like Josie Cantú achieve homeownership, who expresses immense satisfaction with her new home.