Uptown Tower
712 Sw St. Clair
Portland, Multnomah County, Oregon 97205

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Funding Programs

Uptown Tower 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

Uptown Tower has a project-based Section 8 contract. 71 of the 71 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, 2011 and the contract expires on July 31, 2033. The Section 8 contract rent is 150.8% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $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.

Overview

Uptown Tower 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).

Uptown Tower is an apartment community containing 71 rental units. The property contains 71 bedrooms and based on typical apartment occupancy limits, Uptown Tower is home to not more than 106 persons when fully occupied.

Rent Subsidies

Uptown Tower 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

Uptown Tower contains a mix of 71 assisted one bedroom apartments for rent. There are 71 One Bedroom apartments in this property. The unit mix is 100% One Bedroom apartment rentals. The average bedroom size for Uptown Tower is 1.

Oregon's 3rd

Congressional District

71

Total Units

71

Project Based Sec. 8 Units

150.8

% of Fair Market Rent

31-Jul-33

Project Based Sec. 8 Contract Expiration

One

Unit Mix

1

Average Bedroom Size

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