The importance of a home cannot be overstated. It is not just the place where you hang your hat; it is the foundation of your life. Studies have shown that a family’s success depends on stable—and affordable—housing. Each time a student changes schools, his or her odds of dropping out increase by 30%.
Sadly, a growing number of residents are struggling to make ends meet. Over the past several years, housing prices and cost-of-living expenses here have skyrocketed and the increasing dichotomy of wealth is leaving many people out in the cold.
![[photo: Portland loft homes]](/img/phHousing.jpg)
It is a problem when some Portlanders pay $600 per square foot to buy a condo in the Pearl, while thousands of others struggle to afford $600 per month in rent. Oregon’s poverty rate doubled from the late 1970s to the 1990s, and the gap between the rich and poor grew four times faster than in the U.S. as a whole. Or, consider that Portland is known for its “food revolution,” with locally grown organic foods and wonderfully inventive restaurants; yet we also live in one of the “hungriest” regions in the nation, with nearly one out of three children going to bed each night after missing at least one meal during the day. I applaud the efforts of Portland Development Commission “Operation Home” and will work closely with them to further increase home ownership for Portlanders of color.
Moreover, these disparities are underscored by the financial argument for affordable housing. The cost of providing stable housing with services for a chronically homeless person is roughly $750 a month, as compared with $1,950 for a shelter bed, $3,420 for a County jail bed and $10,500 for a psychiatric hospital bed. In the long-run, supporting programs that help individuals and families acquire and keep a house help save public dollars.
Furthermore, the development of affordable housing stimulates the economy. According to the Housing Authority of Portland, every dollar in construction wages generates an additional $1.43 in wages for workers in other sectors. Furthermore, the reports explains that every dollar the State of Oregon invests in affordable housing leverages $4.33 in federal and private sector money. It is clear that affordable housing creates jobs, leverages federal and private funds and directs money into long-term stability for communities.
Keeping Portland affordable and livable is one of the key reasons I’m running for office and it will be one of my main objectives in office. To meet this pressing problem I will pursue five primary objectives:
Read more of John's thoughts on these and other issues.
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