To expand economically, a community requires quality housing for its workforce. Given extremely low vacancies and escalating rental rates, the development of new housing in Portland has proved essential. In 2000 the City of Portland began expending its HUD HOME and CDBG resources to finance the development of new affordable rental housing.
Portland has participated in financing affordable rental housing projects with both non-profit and for-profit development teams. While primarily family housing developments, the City has also supported housing for special populations. Among these projects are five that contain a mix of affordable and market rate units: Unity Village, Island View, Walker Terrace, Wellesley Estates, and 409 Cumberland Avenue.
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.
Portland Housing Authority
The Portland Housing Authority owns and manages a portfolio of over 1,100 units of affordable housing City-wide. As part of their mission to provide safe, affordable housing they have developed a Strategic Vision Plan to look at opportunities for additional housing development on their campuses. That plan is provided here as public document to invite dialogue with City residents:
The Vision Plan is not a Master plan or a fully finalized development proposal. It is a tool and a starting point that gives the PHA an informed understanding of their existing 1,000 units of public housing, the priorities for renovation and re-development, and the reasonable capacities of each site.
Please contact Mark Adelson, Executive Director, or Jay Waterman, Director of Development at207-773-4753for more information