| With The Portland Tribune
American Homes 4 Rent, a publicly traded company, has taken hold of more than 200 Portland-area homes, making Wall Street interests the landlord for working- and middle-class renters.
Escalating housing prices are driving racial minorities and low-income people to Portland’s fringe, a new analysis of housing and income data shows. Only whites and married couples with children have median incomes high enough to withstand rising housing costs in most parts of town. That’s the news from the city’s first State of Housing in Portland report. The effort by the Portland Housing Bureau, submitted in a report to the Portland City Council last week, tracks Portland’s housing and rental markets alongside median earning data. The housing bureau used Census data to determine the median income of different ethnic groups, then looked at how different racial groups, nontraditional households like single mothers or seniors, and a range of income earners would fare if shopping for housing from one neighborhood to the next.