Portland Housing Bureau
Portland, Oregon

Portland's Housing Development Finance team combines federal and state resources such as LIHTC, CDBG and HOME with local resources from the Portland Housing Investment Fund, Tax Increment Financing (TIF), and the Portland Housing Bond to invest in the building and preservation of affordable housing by allocating funds through a competitive process each year. Through the Portland Housing Production and Preservation program, the Portland Housing Bureau provides low-interest loans for development to nonprofit and for-profit affordable housing developers, typically focusing on multi-family rental housing. In 2019, the Housing Bureau’s investments resulted in 878 new affordable units.

Funding Source
Tax expenditure
Funding Year
FY 2023
Local Funding
$39,500,000
Program Status
Active
Total Funding
$39,500,000
Website
https://www.portland.gov/policies/housing/affordable-housing-production-and-preservation
Contact
David Sheern Portland Housing Bureau [email protected] 503-975-4775
How Provided?
Development loans
Data Collected by Program
Income; Race; Ethnicity; Disability status; Age
Program Type
Capital resources
Income Eligibility Threshold
60% AMI or less
Duration
Affordability period is 99 years
Info Source
Interview with program administrator
Last Updated
4/28/23 13:12
Other Eligibility Requirements

No other eligibility requirements

Coordinates Eligibility With

Does not coordinate with other systems

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Does not prioritize beyond eligibility requirements