Oregon Housing and Community Services (OHCS) analyzed the financial performance of affordable rental housing properties in the state’s portfolio from fiscal year (FY) 2021 to FY 2023 to identify trends in operating expenses and understand the current reality of affordable housing property performance.
The study found that per-unit operating costs rose from $6,306 in FY21 to $7,621 in FY23, representing an increase of 20% during that timeframe, compared to a 10% increase in inflation. Administrative, maintenance and tax/insurance costs saw increases of at least 17%, with maintenance expenses rising by more than 25%. Read the full
ARH Portfolio Financial Report Study.
Additional Resources
OHCS will update the report with data on an annual basis.