In a recent government meeting, city officials outlined a comprehensive two-pronged strategy aimed at addressing Portland's housing challenges. The first component focuses on increasing housing production, which is projected to account for one-third of the city's housing units by 2045. The second component emphasizes providing education and technical assistance to current homeowners and landlords to retrofit existing units, enhancing accessibility through features like ramps and modified bathrooms.

Officials highlighted innovative approaches to make housing more climate-friendly and healthier, including the conversion of commercial properties into residential units. Notably, the city has initiated three projects leveraging these strategies, including a $4 million construction loan from Prosper Portland to transform a building in Old Town into 59 units of middle-income housing.

Additionally, the city has secured a federal grant aimed at carbon reduction, which will support these commercial-to-residential conversions. Recognizing the need for collaboration, city leaders are advocating for changes to state regulations and funding to eliminate barriers to housing production and promote resilient, climate-friendly homes.

As part of a six-year strategy, officials are preparing to adopt new Tax Increment Financing (TIF) districts to create a funding stream for housing production. They plan to incorporate these strategies into future budgets and work programs, ensuring inter-bureau collaboration to maximize resources and opportunities.

The meeting concluded with a resolution that will be submitted to the state for review, although officials emphasized that implementation of these strategies will commence immediately, independent of state approval.