Rosenbaum Plaza
1218 Sw Washington St
Portland, Multnomah County, Oregon 97205

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Funding Programs

Rosenbaum Plaza 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

Rosenbaum Plaza has a project-based Section 8 contract. 76 of the 76 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 February 01, 2014 and the contract expires on January 31, 2034. The Section 8 contract rent is 92.4% 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.

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

Rosenbaum Plaza 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).

Rosenbaum Plaza is an apartment community containing 76 rental units. The property contains 76 studio bedrooms and based on typical apartment occupancy limits, Rosenbaum Plaza is home to not more than 76 persons when fully occupied.

Rent Subsidies

Rosenbaum Plaza 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

Rosenbaum Plaza contains a mix of 76 assisted studio bedroom apartments for rent. There are 76 Studio apartments in this property. The unit mix is 100% Studio apartment rentals. The average bedroom size for Rosenbaum Plaza is .

Oregon's 3rd

Congressional District

76

Total Units

76

Project Based Sec. 8 Units

92.4

% of Fair Market Rent

31-Jan-34

Project Based Sec. 8 Contract Expiration

Studio

Unit Mix

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