Trillium Marwood Plaza
7200 Se Woodstock
Portland, Multnomah County, Oregon 97206

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Funding Programs

Trillium Marwood Plaza was developed and operates with Federal housing financing. The property utilizes 2 Federal housing programs to make rent affordable to lower income tenants. These programs are Low Income Housing Tax Credit and Project Based Sec. 8.

Section 8

Trillium Marwood Plaza has a project-based Section 8 contract. 40 of the 40 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 July 01, 2015 and the contract expires on June 30, 2020. The Section 8 contract rent is 78.3% 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 and $1,021.00 for One 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.

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 2000 for $62,254 with a 10 year value of $622,540. The property was placed in service in 1999. 40 of 40 units at Trillium Marwood Plaza 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

Trillium Marwood 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).

Trillium Marwood Plaza is an apartment community containing 40 rental units. This property serves disabled persons. The property contains 32 bedrooms and based on typical apartment occupancy limits, Trillium Marwood Plaza is home to not more than 56 persons when fully occupied.

Rent Subsidies

Trillium Marwood 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

Trillium Marwood Plaza contains a mix of 40 assisted studio and one bedroom apartments for rent. There are 8 Studio and 32 One Bedroom apartments in this property. The unit mix is 20% Studio and 80% One Bedroom apartment rentals. The average bedroom size for Trillium Marwood Plaza is 0.8.

Oregon's 3rd

Congressional District

40

Total Units

40

Tax Credit Units

40

Project Based Sec. 8 Units

78.3

% of Fair Market Rent

30-Jun-20

Project Based Sec. 8 Contract Expiration

Studio and One

Unit Mix

0.8

Average Bedroom Size

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