New Columbia: Haven 9
8920 N Woolsey Ave
Portland, Multnomah County, Oregon 97203

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Funding Programs

New Columbia: Haven 9 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 2004 for $700,000 with a 10 year value of $7,000,000. The property was placed in service in 2006. 42 of 42 units at New Columbia: Haven 9 are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was located in a Qualified Census Tract qualifying it for additional tax credit financing.

Overview

New Columbia: Haven 9 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).

New Columbia: Haven 9 is an apartment community containing 42 rental units. This property serves all family types. The property contains 104 bedrooms and based on typical apartment occupancy limits, New Columbia: Haven 9 is home to not more than 202 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

New Columbia: Haven 9 contains a mix of 42 assisted one, two, three, and four bedroom apartments for rent. There are 11 One Bedroom, 10 Two Bedroom, 11 Three Bedroom, and 10 Four Bedroom apartments in this property. The unit mix is 26% One Bedroom, 24% Two Bedroom, 26% Three Bedroom, and 24% Four Bedroom apartment rentals. The average bedroom size for New Columbia: Haven 9 is 2.48.

Oregon's 3rd

Congressional District

42

Total Units

42

Tax Credit Units

One, Two, Three, and Four

Unit Mix

2.48

Average Bedroom Size

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