Skip to Main Content View Text-Only

Portland Housing Bureau

Solving the unmet housing needs of the people of Portland.

Phone: 503-823-2375

fax: 503-823-2387

421 SW 6th Avenue, Suite 500, Portland, OR 97204

More Contact Info

View program requirements

N/NE Banner

THIS APPLICATION ROUND IS NOW CLOSED. 

Sign up to be notified about future application rounds by clicking here. Check the status of your application by clicking here. Ask a question by clicking here.

 

There are many factors involved in qualifying for a mortgage loan. Below is a brief overview of the minimum qualifying criteria for the various homeownership program models being offered in this application round, but it does not provide a complete picture. Our homeownership partners will assist you in reaching your homeownership goals with a personalized Action Plan.

Permanent Affordability

How it works: Lower-to moderate-income families receive a grant to assist with the down payment on a home that’s made available by a community nonprofit. These homes are kept forever-affordable for all future homebuyers through an agreement with the nonprofit that the homeowner will resell the home at a price that provides them a return on their investment while still being affordable to the next income-qualified buyer. The grant does not need to be repaid.... (Continue reading)

 

  


 

Down Payment Assistance Loan

How it works: Homebuyers receive financial assistance toward the down payment on a home—either one owned by a community development agency or one listed on the real estate market. This assistance comes in the form of a no-interest loan with no obligation to pay for 30 years, or until the home is sold.... (Continue reading)

 

 

 


 

Self-Help Homeownership

How it works: Homebuyers at very low to low incomes receive a no-interest loan to assist with the down payment on a new or renovated home. In this unique “build it and buy it” program, homebuyers contribute 300-500 hours of volunteer time called “sweat equity” during the construction of their home (alternate sweat equity opportunities are available for individuals with limited mobility or other limitations). There is no obligation to repay the loan for 30 years, or until the home is sold.... (Continue reading)

 




 Jarrett Street Condos

How it works: Homebuyers receive financial assistance equaling 20% of the purchase price toward the down payment on one of 12 new micro-condominiums to be developed on N. Jarrett Street at the corner of N. Interstate Ave. These homes are kept forever-affordable for all future homebuyers through an agreement with Proud Ground that the homeowner will resell the home at a price that provides them a return on their investment while still being affordable to the next income-qualified buyer. The grant does not need to be repaid... (Continue reading