Supportive Housing Tax: Implications for Portland
Join Erik Cole, CEO of the Revitalize Portland Coalition, and Greg Frick, partner at HFO Investment Real Estate, as they explore the implications of the Multnomah and Metro Supportive Housing Tax. The supportive housing tax, which includes a 1.5% income tax on single earners over $125,000 and a 3% tax over $250,000, supports homelessness services but faces criticism regarding its effectiveness. The discussion delves into proposals for extending the tax, potential modifications, and its role in funding housing construction. Key topics include the broader impacts of local taxation on investment, the necessity for better data and accountability, as well as the interconnected challenges of homelessness and public safety. Emphasizing public-private partnerships and community engagement, this conversation is vital for anyone interested in Portland’s future.
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