Affordable Housing In Gresham
Multnomah County, Oregon

22 Low Income Apartment Communities In Gresham

Stark Manor

600 SE 217th Ave
Gresham, OR

The Cedars

3157 SE Powell Valley Rd
Gresham, OR
HCV Welcome

There are 22 low income housing apartment complexes which contain 1,516 affordable apartments for rent in Gresham. Many of these rental apartments are income based housing with 373 apartments that set rent based on your income. In Gresham, HUD housing programs support 68 rental assistance apartments through programs like Project-based Section 8. There are 1,143 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Gresham

Housing Authority Programs
Home Forward Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work

Guide To Affordable Housing in Gresham, Oregon

Gresham, OR Affordable Housing Snapshot

Total Affordable Apartment Properties 22
Total Low Income Apartments 1,516
Total Rent Assisted Apartments 373
Percentage of Housing Units Occupied By Renters 47.32%
Average Renter Household Size 2.71
Total Population 109,308
Housing Units 38,773
Average Household Size 2.77
Median Household Income $46,956 ±$1,415
Median Rent $911 ±$16
Percentage Of Renters Overburdened 56.74% ± 3.36pp

Population and Household Demographics

Gresham is a City in Multnomah County, Oregon with a population of 109,308. There are 38,773 households in the city with an average household size of 2.77 persons. 47.32% of households in Gresham are renters.

Income and Rent Overburden in Gresham

The median gross income for households in Gresham is $46,956 a year, or $3,913 a month. The median rent for the city is $911 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gresham, a household making less than $3,037 a month would be considered overburdened when renting an apartment at or above the median rent. 56.74% of households who rent are overburdened in Gresham.1

Area Median Income In Gresham

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Gresham, the AMI is calculated from all households within Multnomah County.

In Gresham, HUD calculates the Area Median Income for a family of four as $87,900

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Gresham

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Gresham HUD Rental Assistance in Gresham

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,450 $21,100 $23,750 $26,350 $30,170 $34,590 $39,010 $43,430
50% of Median $30,800 $35,200 $39,600 $43,950 $47,500 $51,000 $54,500 $58,050
80% of Median $49,250 $56,250 $63,300 $70,300 $75,950 $81,550 $87,200 $92,800
Low Income Housing Tax Credits in Gresham

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 2005, 9 low income apartment communities containing 976 rental apartments have been constructed and made affordable to low income persons in Gresham by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Gresham

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $30,800 $35,200 $39,600 $43,950 $47,500 $51,000 $54,500 $58,050
60% of Median $36,960 $42,240 $47,520 $52,740 $57,000 $61,200 $65,400 $69,660

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Gresham is $47,520 a year, or $3,960 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,960 by 30% to get a maximum rent of $1,188 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $770 $825 $990 $1,143 $1,275 $1,407
60% $924 $990 $1,188 $1,372 $1,530 $1,688
Fair Market Rents in Gresham

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$1,131 $1,234 $1,441 $2,084 $2,531