Low Income Community Pros And Cons

The American Dream is different for everyone, since it has infinite interpretations. Whether it be having a family or owning a home, the dream has been harder to achieve. In today’s modern world owning a house or a place to call home has been difficult, since affordability has decreased and especially in the cities. Portland, Oregon is an example of the occurring situation and because of its popularity, there has been an increase in population. A place is worth as much as someone is willing to pay and accordingly, low income communities are unable to pay for their homes, since they can no longer afford it. However, a solution to this issue is the SB 1533B. This bill requires 20% of a multifamily building to be marked as affordable when sold or rented.
If this bill is implemented, Portland may face a decline to their economic structure. The low income community does not have the money
A different term of community will be implemented from the diverse people living in the affordable homes. The bill protects diversity, since affordability will keep diverse communities connected. Part of what makes Portland popular is the mix of different cultures and races. The contribution of community allows cities like Portland to thrive. Portland is a cushion for the American Dream, since it fosters hope for residing residents. With affordable homes, new residents can benefit from the opportunities regarding the area. With the bill, many people residing in the city can flourish with the resources available. The bill gives hope and opportunities for them to reside in a place that will aid them in achieving their own American