HOUSING SUPPLY AND COST

Even before inflation drove up the daily cost of living for every Oregonian, the cost of housing in Oregon was rising faster than most people could afford. Under Kate Brown and Tina Kotek, Oregon has become too expensive for everyone but the well off. All over the state, Oregonians tell me they can’t afford to buy or rent a home, and many face the threat of homelessness. 

Oregon has a housing affordability crisis because we have a politician-made housing supply crisis. For too many years, state and local politicians have thrown up roadblocks to the construction of new housing, making housing more expensive. Today, we are living with the results. Housing inventories are at a record low, while rents and home prices are skyrocketing. Oregon ranks at the bottom among the 50 states when it comes to housing production relative to our needs. Builders tell me it can take just as long to get something permitted as it does to build it. That is ridiculous.

As Oregon’s independent governor, I will make ending our housing supply crisis a top priority so we can reduce the cost of housing and increase options for Oregonians of all income levels.  That means every kind of housing Oregonians need to rent or buy – single family homes, apartments, town homes, and tiny homes. We need housing that nurses, teachers, grocery clerks and all Oregon workers can afford. Oregon needs to build 580,000 new homes by 2040. That means producing 30,000 new units a year, compared to the 19,000 we produced last year. I will get the politicians and the outdated rules, regulations, and fees out of the way so we can increase the supply of housing and begin to reduce the cost of housing.