Affordable Housing Development
Portland participates in financing affordable rental and home ownership housing projects with both non-profit and for-profit development teams. Among these projects are mixed income projects (53 Danforth, 58 Boyd Street, 409 Cumberland Ave), age restricted projects (178 Kennebec, 977 Brighton), affordable projects (Rosa True School, St. Dominic's Family Housing), affordable housing for artist (Oak Street Lofts), and Housing First projects (Florence House, Logan House)
City assisted projects are not the only affordable rental housing developments built in recent years – Ocean East, Casco Terrace and the single-room occupancy units at the YMCA have also come on line. All these developments are enhancing the availability and affordability of rental housing in Portland.
2021 Housing Development Achievements
When it comes to creating housing - affordable and market rate units - Portland is achieving results beyond the goals established in the Comprehensive Plan. In response to the demand for housing, Portland continues to implement innovative approaches to leverage scarce resources towards housing creation.
- 925 residential units were approved in 2021 (over three times the annual goal)
- 99 units were created by Inclusionary Zoning
- 95 units were subsidized and will remain affordable at or below 60% AMI
- 10 new residential buildings of ten or more units were completed and ready for rent or sale
- 109 units are for low-income households
- 24 units are for missing middle households
- 402 units within the 10 new buildings are market rate
In 2021, the City leveraged $551,190 in federal funding and $109,810 in local funding to subsidize development costs towards the creation of 2 affordable housing development projects creating a total of 95 low-income units for families and seniors.
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