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The Vera

Housing
Developed by BRIDGE Housing, the Vera brings 203 new affordable housing units to the South Waterfront.
Completed – Opened Fall 2019

The Vera is a new construction 203-unit affordable housing project developed by BRIDGE Housing in Portland’s South Waterfront area. The project is located directly next to the Portland SW River Parkway/Moody streetcar stop and close to the MAX light rail line. Unique to the immediate area are Tilikum Crossing, the new pedestrian/public transit bridge providing access to the close-in east side, and convenient access to the Oregon Health and Sciences University (OHSU) Waterfront and Marquam Hill campuses. The waterfront trail and Poet’s Beach are approximately one block away.

The Vera amenities include a community room with library and kitchen, resident services area, mail room, workroom and leasing office, community courtyard, play area, two laundry rooms, 75 underground parking spaces, and bicycle parking. Eighty (80) units are supported with rental assistance vouchers and 20 are permanent supportive housing for people who have experienced homelessness.

Building Profile

Project TypeNew Construction
LocationSouth Waterfront
Regulated Units203
Total Units203
StatusCompleted
Bedroom SizeUnits
Studio70
1-Bedroom81
2-Bedroom47
3-Bedroom5
AffordabilityUnits
30% AMI90
40% AMI-
50% AMI-
60% AMI111
80% AMI-
Unrestricted2

AMI = Area Median Income

Estimated Development Cost

Total$15,831,000
Portland Housing Bureau$1,857,307

Development Team

  • Home Forward, Sponsor
  • Holst Architects, Architect
  • Colas Construction, General Contractor

Contact

Jill Chen

Housing Investments and Portfolio Preservation Manager

phone number503-823-2375

For email inquiries, please include the name of the project in the subject line to promote an efficient response.

Neighborhood