- Housing affordability is a salient topic among policymakers and the general public today, especially in Oregon. As housing costs continue to rise, there are concerns that urban planning policies such as urban renewal via tax-increment financing (TIF) are exacerbating the problem and pushing more households into a state of housing instability. This study examines whether there is a systematic difference in the number of cost-burdened households in urban renewal areas (URAs) in Oregon compared with areas outside of URAs. It also attempts to discern whether the duration of a URA’s existence has any effect on the levels of cost-burdened households in that area. Results show that census tracts that contain urban renewal areas are associated with approximately 5% more cost-burdened households than census tracts without urban renewal areas, with levels as high as 20% higher for rent-burdened households in these areas. However, there is no evidence that these high levels of cost-burdened households change across the duration of a URA’s existence. While further research is needed to determine causal effects, the persistence of elevated levels of cost burdens in URAs is cause for concern for policymakers.