Why Is This Important?
The number of housing units built or in progress that get Housing Bureau or Prosper Portland financial help through direct and indirect subsidies is important because it shows how much the City is working to make housing more affordable. A higher number of financially supported units means more help for people who are having trouble affording a home. The United States Department of Housing and Urban Development (HUD) defines affordable housing as housing with monthly costs, including utilities other than telephone, that do not exceed 30% of a household's monthly income.