Great Northwest
10570 Cherry Blossom Drive
Portland, Multnomah County, Oregon 97216

Call (855) 598-3283, enter extension 33314, then hit #.

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Funding Programs

Great Northwest was developed and operates with Federal housing financing. The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.

Low Income Housing Tax Credit

The property was developed using the Low Income Housing Tax Credit Program. This program incentivizes investors to inject capital into rental apartments for lower income Americans. The property received a tax credit allocation in 1997 for $240,240 with a 10 year value of $2,402,400. The property was placed in service in 1996. 120 of 120 units at Great Northwest are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was not located in a Qualified Census Tract or a Difficult Development Area and was not qualified for additional tax credit funding.

Overview

Great Northwest 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).

Great Northwest is an apartment community containing 120 rental units. This property serves all family types. The property contains 237 bedrooms and based on typical apartment occupancy limits, Great Northwest is home to not more than 462 persons when fully occupied.

Rental Subsidies

This property does not provide any Federal rent subsidies to renters reducing total tenant payments to 30% of their adjusted income. Renters are required to pay the full rent, even if it is in excess of 30% of their income. In some cases the property may accept Section 8 Housing Choice vouchers.

Unit Mix

Great Northwest contains a mix of 120 assisted one, two, and three bedroom apartments for rent. There are 24 One Bedroom, 75 Two Bedroom, and 21 Three Bedroom apartments in this property. The unit mix is 20% One Bedroom, 63% Two Bedroom, and 18% Three Bedroom apartment rentals. The average bedroom size for Great Northwest is 1.98.

Oregon's 3rd

Congressional District

120

Total Units

120

Tax Credit Units

One, Two, and Three

Unit Mix

1.98

Average Bedroom Size

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