Damning chart shows that IZ has stuffed Portland development into a locker until future notice and should be a warning to other cities everywhere, including Boston:
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Honestly, 1. most of us already knew this was going to happen, and 2. this is beyond pathetic. Way to go Portland.
@DZH22, you've been duped into posting misleading reactionary ragebait from our dumbest social media site, which is exactly what social media is for, so congratulate yourself and send me $8 for a meaningless blue checkmark.
This chart shows "units completed
by year of approval". It typically takes about 3-4 years for a multifamily housing development to go from planning approval to completion (and this timeframe also got longer because of supply chain shortages and inflation in the years immediately following the pandemic).
So this person is lying to you: the low numbers you see in 2022-2024 don't have anything to do with IZ.
They're low because the apartments approved in '22, '23, and '24
hadn't been completed yet. Here's some slightly more up-to-date data from the city's housing dashboard – note that 2023 was a huge year for new housing approvals, but only about 75 of those approved homes have been finished so far:
One of the biggest affordable housing developments this city has ever seen – 89 Elm, with 201 apartments – got its approval in 2023 to fulfill the IZ requirement for Reveler's multi-block development. It's under construction now with two tower cranes over Bayside and probably won't be completed 'til 2027.
2025 was the Portland's biggest year in the past century for new housing approvals (1,420 homes approved citywide) and 2023 was the second-biggest year (1,307).
There are two indisputable facts that the chart above obscures:
- Portland is now building more housing than it's built has in decades (and it's still not enough),
- Since the stronger IZ ordinance went into effect, we've also built more housing than any of the surrounding municipalities that don't have IZ even though they have a lot more empty land, like Westbrook, South Portland, and even Scarborough (per regional building permit data).
I'm fine debating the actual merits of IZ. I agree it makes housing production more difficult for developers once they've got control of a piece of land. But combined with rent control, it also makes Portland's real estate less attractive to private equity investors who are looking for windfall profits from massive increases in the price of land and housing – which is why right-wingers and sleazy realtors (but I repeat myself) hate it so much.
But you can't have a real conversation the merits of IZ if you're spraying the debate with bullshit like this. Also, the City Council isn't stupid. Unlike the Twitter poster from New York City here, the people who run this city know what's actually happening on the ground.