Portland Housing Production and Preservation

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.