HUD Multifamily Housing
February 11, 2016
Yesterday, Nick was proud to join Commissioner Saltzman in sponsoring a proclamation honoring HUD’s Multifamily Housing office in Portland.
The HUD (or Department of Housing and Urban Development) office in Portland opened in 1971. Over the last 45 years, and it has provided multi-family loans, direct loans, and grants to 342 properties and almost 23,000 affordable apartments in Portland.
The City of Portland was proud to partner with HUD on many initiatives, including 11 x 13.
11 x 13 was a response to the fact that Federal subsidies on 11 privately-owned affordable apartment buildings in our community, home to low-income older adults and people with disabilities, were set to expire.
Through strong partnerships, with the Portland Housing Bureau, HUD, NOAH, the State Oregon, and local nonprofits, all of the at-risk buildings were saved, preventing 1,000 affordable homes from being converted to market-rate rentals or sold as condos.
We are grateful for HUD’s partnership, and legacy of service to thousands of vulnerable families and individuals in our community.
Visit HUD’s website to learn more.