News

ARTICLE
Date ArticleType
6/2/2021 Member News

Portland Housing Bureau Updates Inclusionary Housing & DHA Purchase Caps

The Portland Housing Bureau recently released updated the inclusionary housing and deeper housing affordability price caps. These caps, effective June 1, 2021, limit the amount a developer can charge for a unit and still be qualified under these programs. Although the enabling code and rules refer to percentage of median family income (MFI) qualifications, the true gauge of whether builders may be able to participate in these programs are these caps, which are calculated each year based on MFI.

2021 Homeownership Unit Purchase Price Caps

 Unit Type  100% MFI Development Option
  Maximum Purchase Price		  80% MFI Development Option
  Maximum Purchase Price		  60% MFI Development Option  
  Maximum Purchase Price
 Studio  $332,451.24  $243,000.42  $190,750.19
 All One-Bedroom Types   $364,108.60  $268,385.12 $214,201.10
 All Two-Bedroom Types   $455,160.25  $340,422.75 $279,718.59
 All Three-Bedroom Types   $541,840.64  $409,030.02 $342,576.70
 All Four-Bedroom Types   $605,076.94  $457,055.11 $393,830.23
 All Five-Bedroom Types   $682,818.78  $517,821.56 $450,160.77


For more information on HBA's work in Portland, contact Ryan Makinster at ryanm@hbapdx.org.