Background. 

HOUSING PRODUCTION

  • Our nation relies upon the private sector to provide most of our new housing.  A little over 1 million new homes are created annually according to the US Census Bureau.  
     

  • The Federal government, via the Internal Revenue Service, as administered by the Housing & Urban Development Department’s “LIHTC” program is the primary tool for the small amount of housing production investment by the public sector (usually less than 10% of the total production,) but even this is delivered by private sector action.  
     

  • The State of Oregon has one major metro area of ~ 2.5m persons, about half of the State’s population.  Within this area, there are just under 1m households and just over 1m homes according to the US Census Bureau.
     

  • The State of Oregon has been producing less and less housing; the State’s Office of Economic Analysis reports it is the lowest per-capita production (how many new homes relative to how many households exist) since World War II.
     

  • As household preferences have shifted towards urban locations, the City of Portland has increasingly produced the majority of the new housing.

     

Portland's Portion of Tri County Metro M