850 NE 81st Avenue , Portland, OR 97213
Waiting List Forecast: Likely Short or None
Verified for 2021 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $693 - 1,198 per Month† | Studio - 2 Beds | 0 - 1 Bath | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Milepost 5 is an affordable housing community for creatives, developed for working artists of all disciplines. Located on a two-acre campus in Portland’s Montavilla neighborhood, our community of over 100 renters work in dozens of artistic fields. Residents host monthly art openings, present plays, music, readings, workshops, and other events in the community spaces.
Income restrictions apply and are determined via the Portland Housing Bureau's guide for 60% of the area median income.
The complex boasts over 100 units consisting of both residential and artist studio spaces. The sizes of the spaces range from about 130 - 400 square feet.
While about half of the units feature their own bathroom en suite, the other half of the units have dorm-style bathrooms located throughout the building. The units all have shared kitchens, which are located on both the second and third floors. Most residents keep a mini-fridge inside their apartments.
The building has a laundry room with coin-operated machines, a workshop for working on small projects, galleries, and community gardens. Public transportation is readily available by light rail or many bus lines.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Milepost 5 does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| STUDIO (Studio/1) | - | Call for Price† |
| SRO (Studio/0) | 126ft2 | $693† |
| 1 BEDROOM (1/1) | 371ft2 | $990† |
| 2 BEDROOMS (2/1) | 512ft2 | $1,198† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $39,500 / year | $45,150 / year | $50,800 / year | $56,400 / year |
| 50% AMI for PBRA Units | $39,500 / year | $45,150 / year | $50,800 / year | $56,400 / year |
| 60% AMI for LIHTC Units | $47,400 / year | $54,180 / year | $60,960 / year | $67,680 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Milepost 5 have a waiting list?
Milepost 5 probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Milepost 5?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Milepost 5?
Milepost 5 is managed by Guardian Real Estate Services headquartered in Portland, Oregon.
In addition to Milepost 5, how many other affordable housing properties (and units) are there in Portland?
In addition to Milepost 5, we list 319 other affordable properties in Portland. Learn about these properties here. Our data research shows that there are a total of 21786 affordable units in Portland.
Applying for housing with bad credit.
Most HUD housing programs, like Section 8 and Public Housing, do not have a credit check. But Section 8 landlords will likely require one for an available unit.Dessiré Rodriguez says:
"Affordable Housing Online is by far, the most up-to-date, comprehensive, and expansive Section 8 information database."