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Label:
Bids and proposals
PHB invites affordable housing providers of PHB-regulated multifamily projects to apply. This solicitation aims to address urgent threats to operational stability of properties in PHB’s portfolio, particularly properties that have demonstrated financial distress. Due date: Sept. 25, 2026, 3 PM (PDT)
through
Fall 2026 Request for Proposals
Release date: Friday, September 4, 2026
Due date: Friday, September 25, 2026 at 3:00 PM (PDT)
* All proposals must be received by the date and time proposals are due to be considered. PHB reserves the right to change any dates to serve the goals of the RFP.
Apply
All applicants must submit a full response to the RFP and meet the minimum Investment requirements set forth herein to be considered for evaluation and scoring. All required forms must be fully completed, and application requirements met at the time of submission. Upon review, PHB, at its sole discretion, may notify an applicant that additional information or clarification is necessary. Applicants that do not adhere to these requirements risk disqualification from consideration under this RFP.
How to download application zip file:
1. Follow the link.
2. Click the "Download Entire Folder” button to download to your computer. Avoid "Save to my files" as that will ask for a login.
Optional Pre-Submission Applicant Information Session
An optional applicant information session was held on Thursday, September 10, 2026.
Overview
Click here to view high-resolution version of the map (PDF, 661 KB)
Affordable housing providers are facing enormous increases in operating expenses that have grown faster than projected, while rental income has lagged. The Portland Housing Bureau (PHB), the Mayor and City Council recognize the urgent need for supporting the industry and on April 15, 2026 City Council passed ordinance 192165 which adopted the 2025-2026 Technical Adjustment Ordinance and other budget related changes, in which they allocated $8.8 million in RSO funding to affordable, non-market housing portfolio stabilization.
PHB plans to offer the $8.8 million in RSO funding with ~$1.82 million in CDBG through the Fall 2026 Portfolio Stabilization Request for Proposals (RFP). Through this solicitation, PHB will help address urgent threats to the operational stability of properties in PHB's portfolio, prioritizing investments for properties that have demonstrated financial distress and strategies where the owner has taken reasonable steps to address the challenges, but existing resources and feasible stabilization strategies remain insufficient to restore financial stability.
Applications are limited to projects within PHB's regulated affordable, directly PHB-funded multifamily portfolio, through three pathways for Portfolio Stabilization:
- Mortgage and Rent Buy-Downs
- Unit Turnovers Improvements
- Safety and Security upgrades
For more information, please download the complete RFP, appendices, and forms.
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