Martha Wells Court
3965 N Albina Ave
Portland, Multnomah County, Oregon 97227

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Funding Programs

Martha Wells Court 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

Martha Wells Court has a project-based Section 8 contract. 8 of the 8 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, 2008 and the contract expires on May 31, 2018. The Section 8 contract rent is 77% 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

Martha Wells Court 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).

Martha Wells Court is an apartment community containing 8 rental units. The property contains 4 bedrooms and based on typical apartment occupancy limits, Martha Wells Court is home to not more than 10 persons when fully occupied.

Rent Subsidies

Martha Wells Court 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

Martha Wells Court contains a mix of 8 assisted studio and one bedroom apartments for rent. There are 4 Studio and 4 One Bedroom apartments in this property. The unit mix is 50% Studio and 50% One Bedroom apartment rentals. The average bedroom size for Martha Wells Court is 0.5.

Oregon's 3rd

Congressional District

8

Total Units

8

Project Based Sec. 8 Units

77

% of Fair Market Rent

31-May-18

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