421 SW 6th Avenue, Suite 500, Portland, OR 97204
Portland Affordable Housing Bond
On November 8, 2016, Portland voters passed Measure 26-179 — the city’s first general obligation bond measure for affordable housing — with 62% of the vote. The $258 million bond will allow the city to build and preserve an additional 1,300 units of affordable housing over the next 5-7 years. It is the largest general obligation bond ever passed by Portland voters.
The goal of the bond is to preserve and increase affordable housing opportunities in our community. Bond funds are restricted to serving households whose income does not exceed 60% of the Area Median Income (AMI), which in 2016 was $43,980 for a family of four. New construction will be available for seniors, Veterans, families, people with disabilities and other extremely-low and low-income households.
Bond funding and implementation is administered by the Portland Housing Bureau (PHB).To receive information and updates by email, please click here.
If you have questions, concerns, or comments, send an email to email@example.com or contact Cupid Alexander at 503.823.5129 or Jennifer Chang at 503.823.2391. To receive related news and updates by email, click here to sign up for the email list.
View the Portland City Council Affordable Housing Bond Resolution No. 32770 by clicking here.