Oregon's Housing Crisis: Urgent Need for New Units
Portland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oregons Housing Crisis: A Multifaceted Challenge
Oregons housing shortage is dire, with a need for 95,000 new units immediately and 500,000 over the next two decades. Multifamily housing is the quickest solution, but permits have been at a twelve-year low. Governor Koteks goal of 36,000 units per year has been largely unmet, leaving renters and employers in a bind. More housing could lower costs, build wealth, and fill job openings. However, private builders are hesitant due to tight lending, fewer local loans, and high interest rates.
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