The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Wednesday, February 19, 2020
Portland Housing Bond Progress Report Highlights Investments Made in 2019
The City of Portland released a progress report for the affordable housing bond passed by voters in 2016. While the city had a slow start with investment of bond funds, in 2019 nine new projects were announced. So far 314 units across two properties are currently open and occupied. An additional 1,110 units are in various stages of development for a total of 1,424 units. 600 of these units will be available to households making 0-30% AMI, 658 are family sized units, and 313 are permanent supportive housing units. Three projects currently in pre-development are located on the West side, one is located in Cathedral Park, and the remainder are on the East side. Two are located east of 205. Read more.
Labels:
#affordablehousing,
#cityofportland,
#housingbond,
#oregon,
#Portland
Location: Portland, Ore.
Portland, OR, USA
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