In 2018, the Oregon Legislature passed House Bill 4006, which requires cities to track new housing and affordable housing development. The bill also requires cities with more than 10,000 residents with a “severe rent burden” rate above 25 percent to hold an annual meeting to receive public input on causes and consequences of severe rent burden as well as barriers and solutions to reducing rent burdens.
In 2018 and 2019, Albany was one of 27 Oregon cities with populations over 10,000 where more than 25 percent of renters paid more than half their income on housing costs. Despite robust residential development, many residents face challenges finding affordable housing.
The City of Albany held its first annual meeting on December 11, 2018 and the second was November 18, 2019. The meeting materials and notes are available below.
Renter Cost Burden by Income
Owner Cost Burden by Income