Shields
3340 Se Morrison
Portland, Multnomah County, Oregon 97214

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Funding Programs

Shields 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 1995 for $500,000 with a 10 year value of $5,000,000. The property was placed in service in 1997. 81 of 81 units at Shields 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

Shields 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).

Shields is an apartment community containing 81 rental units. The property contains 98 bedrooms and based on typical apartment occupancy limits, Shields is home to not more than 164 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

Shields contains a mix of 81 assisted one and two bedroom apartments for rent. There are 64 One Bedroom and 17 Two Bedroom apartments in this property. The unit mix is 79% One Bedroom and 21% Two Bedroom apartment rentals. The average bedroom size for Shields is 1.21.

Oregon's 3rd

Congressional District

81

Total Units

81

Tax Credit Units

One and Two

Unit Mix

1.21

Average Bedroom Size

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