Affordable homes for greater Portland

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In 2018, voters approved a $652.8 million affordable housing bond measure to create permanently affordable homes across greater Portland for seniors, working families, veterans and others who need them.

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The Mary Ann, 54 units in Beaverton

Developer: REACH CDC
Estimated total cost: $22 million
Metro Bond funds: $3 million
Anticipated opening: Spring 2021
Preliminary funding commitment from Metro Council on 3/21/2019

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"72nd & Baylor," 81 units in Tigard

Developer: Community Development Partners
Estimated total cost: $32.9 million
Metro Bond funds: $11.6 million
Anticipated opening: Fall 2021
Preliminary funding commitment from Metro Council on 7/11/2019

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rendering of 18000 Webster Road apartments

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"18000 Webster Road," 45 units in Gladstone

Developer: Housing Authority of Clackamas County
Estimated total cost: $10.8 million
Metro Bond funds: $6.9 million
Anticipated opening: Winter 2021
Acquisition funding approval and preliminary rehab funding commitment from Metro Council on 5/2/2019

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conceptual site plan for Dekum Court development

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Dekum Court apartments, 160 units in Portland

Developer: Home Forward
160 units (Metro bond funded); 200 units total (includes 40 “replacement” units not eligible for Metro funding)
Estimated total cost: $66.6 million
Metro Bond funds: $22.9 million
Anticipated opening: Spring 2022 (Phase I), Spring 2023 (Phase II)

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Greater Portland is short an entire city's worth of affordable homes for renters: about 48,000 homes. Rents in greater Portland have risen swiftly in recent years – far faster than renters’ incomes, widening the gap between the number of affordable homes and the number of people who need them.

Decision-makers in greater Portland recognized that a housing affordability crisis of this magnitude needs a regional response. With input from partners and community groups, the Metro Council referred an affordable housing bond measure to voters for consideration in the November 2018 ballot. On Nov. 6, 2018, voters approved a $652.8 million general obligation bond to create affordable housing for approximately 12,000 people in the greater Portland region.

Metro worked with partners and community members to set goals for the bond.

Create 3,900 permanently affordable homes.
Reserve 1,600 homes for people who earn very low incomes ($26,000 per year for a family of four).
Build half of the homes with two-, three- and four-bedroom apartments – big enough to accommodate families.

Watch this page for updates and opportunities to help shape how the housing bond will serve your community.

Calendar

Housing news

Metro releases Requests for Qualifications for development opportunities in Beaverton's Elmonica neighborhood

Nov. 2, 2020 8 a.m.

Metro and the City of Beaverton are excited to extend a request for qualifications and concepts for qualified teams to develop affordable housing on the Elmonica Station Opportunity Site.
Metro’s growing production of affordable homes

Oct. 21, 2020 2:15 p.m.

Metro funds have contributed to the creation of more than 1,200 affordable housing units across greater Portland in the last three years.
Affordable housing for families and veterans coming to Tigard

July 16, 2020 5:13 p.m.

Construction on a new building funded by Metro’s Affordable Housing Bond will be completed in fall 2021.
Regional leaders discuss implementation of supportive housing services program

July 16, 2020 4:34 p.m.

Metro convenes stakeholder advisory table to guide implementation of the regional supportive housing services program approved by voters in May.
Construction begins on 54 new affordable homes in Beaverton

June 29, 2020 4 p.m.

The first first regional Affordable Housing Bond project breaks ground.
Metro Council okays plans for more than 300 new affordable homes

July 16, 2019 5:30 p.m.

Four projects across greater Portland will account for almost 10% of the goal in greater Portland's affordable housing program, approved by the region's voters in November 2018.