Comments on: Portland considers affordable housing tax breaks /news/2017/08/09/portland-considers-affordable-housing-tax-breaks/ Building and Construction News in Portland, Oregon and the Pacific Northwest Thu, 17 Aug 2017 20:39:49 +0000 hourly 1 https://wordpress.org/?v=6.6.6 By: Cinque /news/2017/08/09/portland-considers-affordable-housing-tax-breaks/#comment-928116 Thu, 17 Aug 2017 20:11:36 +0000 /?p=166854#comment-928116 Josh,

Affordable housing is a generic term and is often used interchangeably with low income housing. In reference to this article, Portland’s inclusionary zoning law applies to households making at or below 80 percent of area median income (AMI), which is $58,650 for a family of four according to the City’s website, or households at or below 60 percent AMI. You will often hear some Cities and real estate industry folks refer to this kind of program as “workforce housing. (see )

Low income housing requires some sort of public subsidy, most often Federal Low Income Housing Tax Credits (LIHTC), to be financially feasible. These types of projects target families at or below, 60,50 and or 30% AMI. In LIHTC properties, residents pay no more than 30% of their income in rent. Also, 80% AMI units don’t qualify for Federal low income housing tax credits.This is a rather simplistic explanation. If you have any other questions, I will help as best I can.

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By: Josh-Robert Stevenson /news/2017/08/09/portland-considers-affordable-housing-tax-breaks/#comment-927920 Tue, 15 Aug 2017 09:29:49 +0000 /?p=166854#comment-927920 I guess as a Renter, I would like someone to explain what is Affordable Housing versus Low Income Housing?
Also how much of my income goes to Rent? What is the Max amount to pay before getting cut off?
What are the requirements to be able to get an apartment? Will I need to go on a list for every Building. I apply to?
I do not think that most of the People in Portland know what affordable housing is, and if they Qualify for it?
I am a strong believer that if you have all the details out. It will help better serve every ones needs 🙂
I also want to be involved in helping others in this area? But I am lacking the skills to get ahead.
HELP me so I can Help others…

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