The acquisition of a NE Portland property for development adds at least 50 new homes to a pipeline that now tops 560 Bond-funded housing units.Read More…
421 SW 6th Avenue, Suite 500, Portland, OR 97204
On Tuesday, January 5, the Portland Housing Advisory Commission (PHAC), the advisory group to the Portland Housing Bureau (PHB), will hold a public hearing to discuss an application being considered for approval for the Multiple-Unit Limited Tax Exemption (MULTE) Program.
Since approving revisions to the program this summer, the City has already approved three MULTE applications this year for new projects that will include affordable housing units. This additional project is located on the Central Eastside in the Buckman neighborhood and will make 20% of the newly built apartments affordable to tenants earning no more than 80% of median family income (currently $47,050 per year for a two-person household).