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|Articles - May 2012|
|Monday, April 23, 2012|
Page 1 of 2
By Brandon Sawyer
Meanwhile, household incomes are still reeling in the wake of the recession, pummeled by higher-than-average unemployment and wage stagnation. So even though home prices continue to fall, more Oregon homeowners and renters are spending in excess of one-third of their income on housing.
Housing costs that take more than 30% of a household’s income are considered unaffordable. The U.S. Department of Housing and Urban Development (HUD) uses 30% to figure low-income housing subsidies; lenders use it to determine mortgage qualification. Households paying more are deemed “burdened.”
In 2010 Census estimates indicate that 54.3% of Oregon renters were burdened, increasing 7% from 2006, while 42.8% of mortgage holders were burdened, a jump of 15% in five years.
One factor in expensive rentals is the state’s low inventory. The statewide rental vacancy rate in 2010 was 5.6%, the fourth tightest in the country.
Oregon’s homeownership is among the lowest in the nation and has fallen further since the recession. In addition, of all occupied homes in 2010, 37% were rented, the seventh-highest rate in the nation.
“There’s a lot of pressure on rental rates, and that’s probably because more people who had been in homeownership are now looking in the rental market,” says Margaret Van Vliet, director of Oregon Housing & Community Services, the statewide agency that administers federal money and tax credits for low-income housing. “There’s been hardly any construction of new multifamily [housing] for many years,” she adds. “The market is re-correcting but, in the meantime you’ve got folks who are really kind of stuck. So it’s a tough time across the whole spectrum of housing needs.”
Friday, July 10, 2015
BY JACOB PALMER
Most of the food Americans consume is trucked in from hundreds of miles away. Eric Wilson, co-founder and CEO of Gro-volution, wants to change that. So this past spring, the Air Force veteran and former greenhouse manager started work on an alternative farming system he claims is more efficient than conventional agriculture, and also shortens the distance between the consumer and the farm.
Wednesday, June 03, 2015
As part of our green workplaces story, Oregon Business checked out a community service project undertaken by Portland Youth Builders, a nonprofit alternative high school. In partnership with Whole Foods, PYB built garden boxes for a Home Forward housing site. Home Forward is a government agency that provides housing for low income residents and people with disabilities.
Monday, June 22, 2015
The Clean Fuels/gas tax trade off will go down in history as another disjointed, on-again off-again approach to city and state lawmaking.
Monday, July 13, 2015
BY CAMILLE GRIGSBY-ROCCA
Can the brave new world of neurotechnology help an OHSU surgeon find a cure for obesity?
Wednesday, June 10, 2015
Jeff Lang and his wife Rae used to dole out campaign checks like candy. “We were like alcoholics,” Lang says. ”We couldn’t just give a little.”
Friday, July 10, 2015
BY GREGG MORRIS
Rita Hansen aims to scale natural gas vehicle innovation.
Friday, July 17, 2015
Photographer Jason Kaplan takes a look at Murray's Pharmacy in Heppner. The family owned business is run by John and Ann Murray, who were featured in our July/August cover story: 10 Innovators in Rural Health Care.
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Court experience helps legal firm anticipate potential problems for clients and prevent expensive litigation.
When Garmin AT needed to consolidate operations for its 550 employees, it scanned its entire corporate map for possible sites.
The technology industry is always in flux. And this rapid rate of change poses challenges to companies ranging from nimble startups aiming to make their mark to established organizations fighting to remain relevant. This is particularly true in the competitive digital display market, where an Oregon company has been at the forefront of nearly every major breakthrough in the last three decades.
A look back at the shifting sands of Portland’s growth and development.
Robert S. Wiggins has joined Lane Powell as a Shareholder in the Corporate/M&A Practice Group. Wiggins is a well-known lawyer, entrepreneur, and investor with more than 30 years of experience leading and advising established and emerging companies in the Pacific Northwest. Wiggins will focus his practice on offering outside general counsel services, including general corporate and board representation, business transactions and capital events.
DEDICATION PARTY: Help the Port of The Dalles celebrate its newest shovel-ready industrial land Friday, July 31, from 1:30 to 4 p.m.