SE Powell Development (Portland Housing Bond)

This apartment community of 206 affordable homes is well located near parks, schools, public transportation and grocery stores.  The thougtful design includes a range of apartment sizes, community spaces, and a pick-up zone directly off busy SE Powell Blvd.  Financing for these new homes is anchored with funds from Portland's Housing Bond.

Resources

Individuals and families will be living in:

  • 123 studio homes,
  • 18 one-bedroom homes,
  • 59 two-bedroom homes, and
  • 6 three-bedroom homes.

Rents will be affordable at multiple ranges:

  • 138 at or below 60% AMI (area median income)
  • 68 at or below 30% AMI
    • 50 of these 30% AMI homes will be supported with Project-based Section 8 rental assistance.
    • Permanent Supportive Housing (PSH) services will be available for 30 families who have experienced homelessness where one person has a disabling condition.

Resident Services - a full range of services will be available, including our partners at El Programa Hispano Catolico.

Construction & Occupancy Milestones - Construction will begin by October 2021 and full lease-up is anticipated by July 2024.

Financial Partners - City of Portland, Oregon Housing and Community Services, Bank of America, and the Joint Office for Homeless Services of Multnomah County.

Design and Construction Partners - Holst Architecture and Colas Construction.

Services Partners (as of September 2021) - El Programa Hispano Catolico.