Oregon Is Spending More Than Ever on Low-Income Housing. A State Law Keeps the Details Secret.

Oregon's spending on low-income housing has exploded in the past five years. The state has given developers an unprecedented $1.4 billion, and the cost of developing each apartment has nearly doubled, to $540,000. Dozens of projects are lined up for an additional $850 million in future state funding. Federal tax credits, which the state oversees, will bring even more money to bear. Yet one thing has remained constant: The public isn't allowed to see the details of how all these dollars are being spent. Oregon is one of the only states in the country with a carve-out in its public...