Metro is committed to making swift progress, increasing access to affordable housing for people across the region. To achieve this, Metro partners with implementing jurisdictions and leads with racial equity. The graphic below shows progress made toward production goals set in the program workplan.
What is affordable?
Area median income (AMI) is used as a criteria for checking who is eligible for regulated affordable housing. All homes created as part of Metro’s affordable housing bond are available to people making 60% AMI or less, which is $44,760 for a household with one person and $63,900 for a household with four people. Almost half these homes will be what’s called “deeply affordable,” meaning they are available for households with 30% AMI or less; that’s around $22,380 per year for a household of one, or $31,950 for a household of four.
Rents are regulated to be affordable to people at different income levels (between zero to 60% AMI) but specific rent amounts vary from project to project. Some of the homes have project-based section 8 vouchers that enable households pay only 30% of their income for rent (households with zero income would pay zero rent).
Half the homes in the program are two bedrooms or larger to accommodate bigger families. The other half are studios and one bedrooms for smaller households or single adults.
View the map of new affordable housing in greater Portland
To apply for homes in this program, contact each specific project by visiting their website or looking up their phone number. If you need help applying for housing, please contact 211 by dialing 211, texting your zip code to 898211, or emailing [email protected].