Margaret Carter Complex
626 Ne Brazee Street
Portland, Multnomah County, Oregon 97212

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Funding Programs

Margaret Carter Complex 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

Margaret Carter Complex has a project-based Section 8 contract. 56 of the 56 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 March 01, 2015 and the contract expires on February 29, 2020. The Section 8 contract rent is 65% 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, $1,021.00 for One Bedroom, and $1,208.00 for Two 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

Margaret Carter Complex 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).

Margaret Carter Complex is an apartment community containing 56 rental units. The property contains 56 bedrooms and based on typical apartment occupancy limits, Margaret Carter Complex is home to not more than 108 persons when fully occupied.

Rent Subsidies

Margaret Carter Complex 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

Margaret Carter Complex contains a mix of 56 assisted studio, one, and two bedroom apartments for rent. There are 12 Studio, 32 One Bedroom, and 12 Two Bedroom apartments in this property. The unit mix is 21% Studio, 57% One Bedroom, and 21% Two Bedroom apartment rentals. The average bedroom size for Margaret Carter Complex is 1.

Oregon's 3rd

Congressional District

56

Total Units

56

Project Based Sec. 8 Units

65

% of Fair Market Rent

29-Feb-20

Project Based Sec. 8 Contract Expiration

Studio, One, and Two

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