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

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.
Survey open: Help shape the future of affordable housing in greater Portland

May 1, 2019 1:23 p.m.

Your feedback will be used to help Metro search the Portland region for the best locations for new affordable housing and will provide information to those building and managing affordable housing about how to be accessible and supportive of all people.
The Portland region’s rapid growth is affecting all of us

By Metro Councilor Bob Stacey
April 2, 2019 10:22 a.m.

Councilor Stacey shares his thoughts on the impacts of growth in our region and updates on the work Metro and partners are doing to address it.
Housing bond oversight committee appointed by Metro Council

Jan. 31, 2019 3:32 p.m.

The committee of 13 community members will focus on accountability and transparency in delivering housing for 12,000 people in the greater Portland area.
Voters approve Metro's plan for creating affordable housing across greater Portland

By Nick Christensen
Nov. 6, 2018 8:08 p.m.

Metro-area voters on Tuesday approved a $652.8 million bond measure to allow Metro and its partners to build affordable housing for about 12,000 people across greater Portland.