It's no secret that many Oregonians are struggling with being able to afford housing. While housing costs have skyrocketed in recent years, wages have not kept pace, forcing people to spend a larger share of their income on housing. In the interest of curbing homelessness and improving outcomes for our most vulnerable people, Oregonians should support any reasonable effort out there to increase our stock of affordable housing. Measure 102 is aimed at removing one potential barrier to building more affordable housing, by removing a state restriction that requires affordable housing projects funded by municipal bonds to be government-owned. Thus, this opens the door for more public-private partnerships to build affordable housing.
The measure wouldn't rubber-stamp these projects; instead, local voters would still have to approve them—something we are in favor of, since not every proposed public-private partnership is created equal nor deserves public support. Still, Measure 102 stands to get more affordable housing units built in a shorter amount of time. Vote Yes on Measure 102.