Apartments on Portland's Block 45

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List Page Description:

Home Forward is constructing the largest affordable housing building developed in Multnomah County in over 50 years.

Hope IV Property?:

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 [2]