Portland's Housing Bond
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Progress

Progress

 

Community investments
in action

In 2016, Portland voters made history by resoundingly approving the city’s first-ever affordable housing bond, dedicating $258 million to create new affordable homes for Portlanders struggling to afford a place to live.

 
 

Current Status

• 564 newly affordable homes in progress
• Stabilized housing for hundreds of families


Recent accomplishments

• Stakeholder Advisory Group convened
• Community feedback collected and analyzed
• Policy Framework adopted

 

Featured project: The Ellington Apartments

Before the City acquired the Ellington Apartments with bond funding, its 263 garden-style apartments and townhomes were being marketed to residents with higher-incomes, threatening to displace longtime residents. Now plans are underway to transform all of the units into affordable homes, welcoming at least 80 extremely low-income families and stabilizing hundreds of families who were at risk of losing their housing.

Location
Northeast Portland’s Madison South neighborhood

Nearby amenities
Public transit, parks and more