Halsey Street Project
18940 Ne Halsey St
Portland, Multnomah County, Oregon 97230

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Funding Programs

Halsey Street Project was developed and operates with Federal housing financing. The property utilizes the Section 202 Federal housing program to make rent affordable to lower income tenants.

Section 202

The property was developed with funding through the HUD Section 202 program which provides funding for housing for seniors who are 62 or older. The program provided both capital financing to construct the property and operating subsidies that work as rental assistance like the Section 8 program. Halsey Street Project is among only 79 Section 202 properties in Oregon and 6,166 in the country.

Overview

Halsey Street Project 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).

Rent Subsidies

Halsey Street Project provides rental subsidies to renters. The type of subsidy provided to apartment renters in Portland, OR by this property is Section 202 Rental Assistance.

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 no minimum rent at this property for residents receiving a rent subsidy but in recent years, there has been discussions in Congress to implement a minimum rent in the Section 202 Program to reduce cost burden on the Federal budget.

Oregon's 3rd

Congressional District

5

Section 202 Units

5

Senior Units

94.1

% of Fair Market Rent

26-Dec-16

Project Based Sec. 8 Contract Expiration

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