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The City of Portland, Oregon

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

Current Housing Opportunity

Magnolia II

The Portland Housing Bureau has partnered with non-profit, Innovative Housing Inc. to bring new affordable rental housing to the Eliot neighborhood. The new four-story building opening in January 2020 will be located at 415 NE Fargo Street and will offer a mix of 1−3 bedroom units for households making between 30 to 60 percent of the Area Median Income (AMI). Through the Portland Housing Bureau’s North/Northeast Preference Policy, 47 apartments at Magnolia II will prioritize applicants who are current or former residents of North or Northeast Portland.

The North/Northeast Preference Policy is an effort to address the harmful impacts of urban renewal in North/Northeast Portland, including the historic and ongoing displacement of longtime community members, by giving preference to housing applicants with generational ties to the area. Current and former longtime residents of North/Northeast Portland will be considered for new affordable housing opportunities before applicants without a previous history of having lived in the area.

Those interested in this opportunity must apply for the North/Northeast Preference Policy waitlist between Tuesday, September 3, 2019 through Monday, September 16, 2019 at 11:59 PM to be eligible. The date and time that an application is received will not affect an applicant’s position on the waitlist.

The Preference Policy determines the order of applicants on housing waitlists, but it does not guarantee assistance or a unit to applicants. Households must still meet income guidelines and rental screening criteria to be eligible for housing.


Developer: Innovative Housing Inc. (IHI)

Amenities & Features

  • Community maker space/workshop area
  • Kids indoor play area
  • Outdoor playground
  • Common patio and BBQ area
  • All LED lighting
  • All Energy Star appliances
  • All low-flow plumbing fixtures
  • PV/Solar for common area power
  • Quartz countertops
  • Energy efficient windows
  • Bike storage room 
  • Resident Services
  • Community garden
  • Community event space


Screening Fee: $40

Community Features:

  • 6 Bus line
  • Eliot Neighborhood
  • Harriet Tubman Middle School
  • Boise Eliot Middle School
  • Matt Dishman Community Center
  • Elks Temple
  • Irvington Park
  • Dawson Park
  • Albina Head start

For Preference Policy Waitlist Application Questions: | 503-823-4147

For Questions about the Magnolia II Apartments:
Justin Gladney | Magnolia Manager | 503-282-1005


Available Units

Unit Type Number of Units AMI Estimated Monthly Rent
One Bedroom 2 30% $391
One Bedroom 5 50% $696
One Bedroom 10 60% $849
Two Bedroom 2 30% $466
Two Bedroom 8 50% $833
Two Bedroom 13 60% $1,016
Three Bedroom  2 30% $536
Three Bedroom 3 50% $959
Three Bedroom  5 60% $1,171

*Residents will be responsible for certain utilities in addition to rent. Rent will be adjusted to reflect this. Estimated rents are subject to change.

Income Eligibility

Household Size Annual Household Income:
30% AMI
Annual Household Income:
50% AMI
Annual Household Income:
60% AMI
1 $18,480 $30,800 $36,960
2 $21,120 $35,200 $42,240
3 $23,760 $39,600 $47,520

**Minimum income depends on the unit type and income limit. Estimated income amounts are subject to change. Minimum Monthly Income Requirements 1.5x monthly rent.

AMI Calculator

Download Magnolia II Housing Profile (PDF)

Map of Eligible Areas 

Applicants can receive up to six “preference points” based on their current or past residence (plus that of a parent/guardian or grandparent) within areas of concentrated urban renewal in N/NE Portland.

Explore eligible areas and search addresses: 

N/NE Preference Policy Map >