The Plaza Townhomes community is home to 68 families in the north side of Portland, Ore. Though historically a blue-collar neighborhood, the community around Michigan Avenue has been gentrifying rapidly, and many hardworking residents have been priced out of their homes. Like much of the city, the residents of Plaza Townhomes have lived in fear of rent increases that, if dictated by the open market, would be unaffordable. However, Community Preservation Partners (CPP) stepped in and rehabilitated the community through an agreement that will improve the property and keep rents affordable for 30 more years.
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Portland but actual income limits may differ for units at Plaza Townhomes.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
Plaza Townhomes is managed by Community Preservation Partners.