Development > Property Developments > Apartments on Portland's Block 45

Apartments on Portland's Block 45

With 240 homes, this new development will be Multnomah County's largest apartment building financed with low-income housing tax-credits during the past 50 years.   This still-to-be-named 12-story building is in a perfect transit-oriented location on the half block fronting NE Grand Avenue, between Hassalo and Holladay.

Resources

Homes

  • 240 affordable apartments
    • 217 affordable homes for people earning 60% of the median family income and lower
    • 23 affordable homes for people earning 50% of the median family income and lower
    • 20 deeply subsidized homes for people earning 30% of the median family income and lower
  • The mix includes 88 studios, 109 one-bedroom apartments, and 43 two-bedroom apartments

Highlights

  • The transit-friendly location is close to MAX light rail service and buses. 
  • In addition to the apartments, the development features a community room and an interior courtyard that will provide recreational and community garden space for residents. 
  • The ground floor will provide commercial space including on-site property management and retail.

Partners

  • Financial:   City of Portland, Home Forward equity, private activity bonds, Low Income Housing Tax Credits
  • Design and Construction:  LRS Architects, LEVER Architects, O'Neill Walsh Community Builders.  

Details

Project fact sheet