Emerson Plaza
5312 Ne 13th Ave
Portland, Multnomah County, Oregon 97211

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Funding Programs

Emerson Plaza 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

Emerson Plaza has a project-based Section 8 contract. 16 of the 16 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 June 01, 2013 and the contract expires on May 31, 2033. The Section 8 contract rent is 91% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $886.00 for Zero Bedroom and $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

Emerson Plaza 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).

Emerson Plaza is an apartment community containing 16 rental units. The property contains 8 bedrooms and based on typical apartment occupancy limits, Emerson Plaza is home to not more than 20 persons when fully occupied.

Rent Subsidies

Emerson Plaza 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

Emerson Plaza contains a mix of 16 assisted studio and one bedroom apartments for rent. There are 8 Studio and 8 One Bedroom apartments in this property. The unit mix is 50% Studio and 50% One Bedroom apartment rentals. The average bedroom size for Emerson Plaza is 0.5.

Oregon's 3rd

Congressional District

16

Total Units

16

Project Based Sec. 8 Units

91

% of Fair Market Rent

31-May-33

Project Based Sec. 8 Contract Expiration

Studio and One

Unit Mix

0.5

Average Bedroom Size

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