4619 N Michigan Ave, Portland, OR 97217
Waiting List Forecast: Likely Short or None
Verified for 2021 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio Bed | 1 Bath | 160 Sq Ft |
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.
Occupying a full city block, Patton Home offers housing to 63 low-income residents. It is fully ADA compliant. Each resident's room comes with a small refrigerator, bed, chest of drawers, and end table. Microwaves are provided in the communal dining room. In addition, Patton Home contains well-appointed common rooms and gathering spots, including a sunroom, library, cozy TV room, communal dining room, and private spaces for entertaining family and friends. There is a spacious, shady veranda for socializing and a well-used Community Garden on the grounds.
Patton Home was built in 1890 with money raised by 29 women, on land donated by a pioneer who herded sheep along the Oregon Trail. It was managed for over a century by the Ladies Union Relief Society of the Methodist Church. Mathew Patton, the original owner of Patton Home, donated the property to the women with a stipulation that they use the building to provide food, shelter, and friendship to those in need. Today, Patton Home continues a tradition of serving people in need. The 120-year-old residential facility offers home-style accommodations for 63 residents.
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 Patton Home 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) | 160ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $39,500 / year | $45,150 / year | $50,800 / year | $56,400 / year | $60,950 / year | $65,450 / year | $69,950 / year | $74,450 / year |
| 50% AMI for PBRA Units | $39,500 / year | $45,150 / year | $50,800 / year | $56,400 / year | $60,950 / year | $65,450 / year | $69,950 / year | $74,450 / year |
| 60% AMI for LIHTC Units | $47,400 / year | $54,180 / year | $60,960 / year | $67,680 / year | $73,140 / year | $78,540 / year | $83,940 / year | $89,340 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Patton Home have a waiting list?
Patton Home 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 Patton Home?
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 Patton Home?
Patton Home is managed by Guardian Real Estate Services headquartered in Portland, Oregon.
In addition to Patton Home, how many other affordable housing properties (and units) are there in Portland?
In addition to Patton Home, we list 696 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.
650 SE 162nd Ave, Portland, Oregon 97233
430 NE 16th Ave, Portland, Oregon 97232
850 NE 81st Avenue , Portland, Oregon 97213
5025 N Vancouver Ave, Portland, Oregon 97217
712 SW Saint Clair, Portland, Oregon 97205
Do you have little or no income?
Be aware that some housing assistance programs have a minimum income requirement, such as Low-Income Housing Tax Credit aparments.Mili Rodriguez says:
"Affordable Housing Online is awesome, and helps lots of people who can greatly benefit from this website."