Closing Portland's Affordable Housing Gap
The real estate bubble may have burst but many Portlanders still find homeownership beyond their reach. Even with today's lower housing costs, affordable housing for a family earning the median family income ($66,900) would be priced at $200,000 - a price limited to very few homes currently available, and even fewer at that price with the space available for a family of four. For low income families earning less than 60 percent of the median family income, the opportunities are nearly non-existent. Is it important to make home ownership available? How do we close the affordable housing gap in Portland?
Jo Ann and Dave talk with Lila Alvarez, Community Relations Coordinator for the Portland Community Land Trust, about how affordable housing - or lack of it - affects the community and what strategies her organization has adopted to put home ownership within reach of more Portlanders.
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