Hate to rain on the parade here but I saw a slideshow presented by City of all the "approved" projects suggesting there was no slow down to housing development and I thought wow - this would be a great to show the housing that didn't get built because of the Green New Deal since I know almost all of them are DOA and the only one on the slide that has any legs is a hotel with the magic number 9 condos. I think in order to truly understand if the GND did or did not negatively impact actual housing creation I would compare the number of approvals to the number of actual building permits issued and then another level which is home many Certificates of Occupancy were issued. That is the real data. ~ CI don't think anyone's posted this here, but the city planning office has produced this very interesting dashboard of housing production data:
https://www.portlandmaine.gov/1462/Housing-Dashboard
Some things to note:
- The 2020 "green new deal" ordinance did not, as some predicted, put an end to new housing development; 2023 was a record-setting year for housing approvals, and 2021 was the third-best year in recent history (I'd argue that the city's ongoing zoning reforms and increased state investments in affordable housing have cancelled out any added costs of the GND)
- 2015 was the city's second-best year for new housing approvals, but 1/3rd of the 1225 units approved that year were in the Midtown project.
- In most years, the median time between planning approval to completion is 2 years.
- There are 2,260 housing units that have been approved since 2020 but are not yet built, including Portland Foreside, the Bayside/Port Properties project, the co-op projects on outer Washington and in LIbbytown, and the buildout of the Catherine McAuley senior housing
- Average housing completions over the past 5 years has been around 320 units/year. That's a 1 percent growth rate for the city as a whole (which has 35,000 households). By comparison, the average annualized population growth for the entire Portland metro area for the decade between 2010 and 2020 was 0.7 percent/year.