Multnomah Project
959 Ne 165th Ave
Portland, Multnomah County, Oregon 97230

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Funding Programs

Multnomah 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. Multnomah Project is among only 79 Section 202 properties in Oregon and 6,166 in the country.

Overview

Multnomah 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).

Multnomah Project is an apartment community containing 10 rental units. The property contains 3 bedrooms and based on typical apartment occupancy limits, Multnomah Project is home to not more than 11 persons when fully occupied.

Rent Subsidies

Multnomah 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.

Unit Mix

Multnomah Project contains a mix of 10 assisted studio and one bedroom apartments for rent. There are 7 Studio and 3 One Bedroom apartments in this property. The unit mix is 70% Studio and 30% One Bedroom apartment rentals. The average bedroom size for Multnomah Project is 0.3.

Oregon's 3rd

Congressional District

10

Total Units

10

Project Based Sec. 8 Units

10

Section 202 Units

10

Senior Units

81.8

% of Fair Market Rent

31-Aug-31

Project Based Sec. 8 Contract Expiration

Studio and One

Unit Mix

0.3

Average Bedroom Size

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