One hundred million dollars: It’s an impressive number. Indeed, Gov. John Kitzhaber’s proposed budget is in some ways a milestone of public commitment to funding affordable housing for the state’s impoverished families.
For the first time, the state is considering dedicating general obligation bonds toward the housing crisis. Compared to the $7 million or even $7.5 million dedicated in years past, this is real money that housing authorities with the state say will create 5,000 new affordable homes in Oregon.