PORTLAND, Ore. (KOIN) — The City of Portland released an audit Wednesday on a housing bond implementation. The bond is worth more than $258 million with a goal to add more than 1,000 housing units.
The city’s efforts to ease the housing crisis by building more affordable units started several years ago.
In 2016, voters gave the green light to a housing bond measure, which allowed the city to borrow more than $250 million to invest in affordable housing. The goal was to build or buy 1,300 housing units.
According to the audit, the Portland Housing Bureau is off to a good start. However, there is room for improvement.
The audit says there needs to be more attention to veterans, seniors and those with disabilities. It also recommends the bureau could keep more concise records on property purchases and must develop new ways to make sure privately-owned bond projects serve the people they’re intended to help.