Quote:
Originally Posted by jaxg8r1
There have been numerous reports about how development is slowing down and how the affordable housing provisions are not delivering the units needed. Most of the buildings under construction now went through the permitting/review/design process years ago.
The reality is for more affordable housing, either supply needs to go way up or demand needs to go way down. I'm guessing demand isn't going to go down anytime soon but roadblocks to creating supply will definitely causes pricing pressures to escalate. That is what is so insanely frustrating about this and other asinine Portland policies. We are well on our way to becoming a boutique city where people in skyscrapers demand the city not allow other people to live in skyscrapers next door for silly reasons.
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This project had zero "affordable" units; it was entirely "market rate" units. So its denial does not reduce the supply of affordable units; it leaves the property available for a future project that does include affordable units.
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