The cost of new affordable housing has been a topic of intense scrutiny recently as the need for affordable housing across Oregon continues to significantly outpace the current system’s ability to deliver additional units. Many people have questioned why costs for publicly subsidized affordable projects are as high as they are, and whether there are ways to significantly reduce the cost of new affordable housing. To create a clear and concise summary of key factors affecting the cost of developing affordable housing. To identify opportunities whether policy and systems changes, or innovative approaches to design construction, and financing to deliver affordable units at a lower cost, and to advise Meyer on pilot or demonstration projects to test new approaches to affordable housing development.