Bloomberg Philanthropies Initiative Targets Housing Shortage in Portland
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Bloomberg Philanthropies selected Portland for a national initiative aimed at speeding up housing construction to address the housing shortage. The program is designed to help cities improve permitting and approval processes for new housing. The effort builds on strategies that proved effective in Atlanta, Austin, and San Diego. Each participating city is expected to receive between $450,000 and $750,000, along with expert support.
From fox23maine.com
Why it matters
The initiative seeks to increase housing supply by streamlining local building processes. Strategies include speeding up building permit approvals and making it easier to build accessory dwelling units. Participating cities are expected to show results within two years, including cutting approval times in half.
A group previously utilized successful urban development models originating from Austin and Atlanta.
From fox23maine.com
Who's involved
- Bloomberg PhilanthropiesCharitable organization leading the initiative to fund housing improvements
- PortlandCity selected to receive funding and expert support to accelerate housing
- AtlantaCity whose successful urban models informed the initiative
- AustinCity whose successful urban models informed the initiative
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- city councilSpeculative
The city council might see reduced administrative costs associated with housing approval processes.
- Multnomah CountySpeculative
Multnomah County may see changes in regulatory costs related to housing permitting.
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The entities involved
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Bloomberg Philanthropies
charitable organization
Nothing else this week.
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Atlanta
capital city of Georgia, United States
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Austin
seat of Travis County, and capital of the State of Texas