1200 Building
1220 Sw 12th Ave
Portland, Multnomah County, Oregon 97205

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Funding Programs

1200 Building was developed and operates with Federal housing financing. The property utilizes the Project Based Sec. 8 Federal housing program to make rent affordable to lower income tenants.

Section 8

1200 Building has a project-based Section 8 contract. 89 of the 89 total units at the property receive Section 8 assistance. This means that 100% of the renter households in the property pay no more than 30% of their adjusted income for rent.

The current Section 8 contract was effective on September 01, 2012 and the contract expires on August 31, 2032. The Section 8 contract rent is 111% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $1,021.00 for One Bedroom.

26% of Oregon properties and 26% of all properties across the country have Section 8 rental subsidies. See the Rent Subsidies section for more.

Overview

1200 Building is an affordable apartment community located in Portland, Oregon which is located in Multnomah County. The property is located in Oregon's 3rd Congressional District served by Representative Earl Blumenauer (D), Senator Ron Wyden (D) and Senator Jeff Merkley (D).

1200 Building is an apartment community containing 89 rental units. The property contains 89 bedrooms and based on typical apartment occupancy limits, 1200 Building is home to not more than 133 persons when fully occupied.

Rent Subsidies

1200 Building provides rental subsidies to renters. The type of subsidy provided to apartment renters in Portland, OR by this property is Project Based Sec. 8.

This subsidy allows the renter to pay 30% of his or her income for rent while the subsidy pays the difference. To qualify, a renter must earn 50% or less of the Area Median Income.

There is a minimum rent payment of not less than $25 and as much as $50 for all subsidy recipients at this property. That means that even if a renter has zero income, they will still be required to pay rent. In recent years, there have been various legislative proposals to increase the Section 8 minimum rent but advocates make the valid point that minimum rents affect the poorest of the poor.

Unit Mix

1200 Building contains a mix of 89 assisted one bedroom apartments for rent. There are 89 One Bedroom apartments in this property. The unit mix is 100% One Bedroom apartment rentals. The average bedroom size for 1200 Building is 1.

Oregon's 3rd

Congressional District

89

Total Units

89

Project Based Sec. 8 Units

111

% of Fair Market Rent

31-Aug-32

Project Based Sec. 8 Contract Expiration

One

Unit Mix

1

Average Bedroom Size

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† These counts are estimates based on the data available from HUD. Learn More About Our Data