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.
2020 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.
346 Residential Units were approved in 2020
192 approved units will be affordable including 46 Workforce Housing, and 146 Low-Income Units
100 Low-Income Units were approved for renovation in 2020
8 Housing projects were completed creating 286 brand new rental and homeownership units in 2020
2 Housing projects were completed creating 59 new rental units in January of 2021
3 City-owned parcels were sold for the potential development of 104 new housing units including Cooperative Housing. 75% of the units would be affordable to low and middle income households
In 2020, the City leveraged $681,695 in federal funding and $997,455 in local funding along with creating 4 affordable housing development districts to subsidize development costs towards the creation of affordable housing.
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