The number of vacant affordable units in Portland has reached a 10-year high as developers aim to get homeless people, particularly older people, into safe and stable living arrangements.
More Portland Affordable Housing Units Now Available
Nearly 1,900 vacant affordable housing units are now available in Portland after a new permanent affordable housing complex opened up in downtown Portland on Tuesday- the Julia West, a 12-story building with 89 units.
Twenty units will be set aside specifically for people who are in recovery from substance use disorders.
In 2022, the vacancy rate at affordable housing complexes was 4%, excluding affordable units in market-rate buildings, but this year it has nearly doubled to 7.4%. While vacancies are organic due to turnover, the 7.4% rate is a historical high…