Park Vista
10914 Se Stark St
Portland, Multnomah County, Oregon 97216

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Funding Programs

Park Vista 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 1999 for $488,098 with a 10 year value of $4,880,980. The property was placed in service in 2001. 59 of 59 units at Park Vista are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was not located in a Qualified Census Tract or a Difficult Development Area and was not qualified for additional tax credit funding.

Overview

Park Vista 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).

Park Vista is an apartment community containing 59 rental units. This property serves all family types. The property contains 124 bedrooms and based on typical apartment occupancy limits, Park Vista is home to not more than 246 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

Park Vista contains a mix of 59 assisted studio, one, two, three, and four bedroom apartments for rent. There are 7 Studio, 17 One Bedroom, 8 Two Bedroom, 17 Three Bedroom, and 10 Four Bedroom apartments in this property. The unit mix is 12% Studio, 29% One Bedroom, 14% Two Bedroom, 29% Three Bedroom, and 17% Four Bedroom apartment rentals. The average bedroom size for Park Vista is 2.1.

Oregon's 3rd

Congressional District

59

Total Units

59

Tax Credit Units

Studio, One, Two, Three, and Four

Unit Mix

2.1

Average Bedroom Size

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