Update: This post has been updated to reflect a project swap from one Hacienda DCD development to another. - 12/1/25
The Portland Housing Bureau (PHB) is excited to announce the awardees of the Spring 2025 Preservation Request for Proposals (RFP) and the preservation of 484 affordable units within seven projects across eight sites. Capital improvements will extend the useful lifetimes of these buildings, while also increasing energy efficiency and addressing livability and safety concerns for tenants. The RFP made available roughly $22 million in HOME, Community Development Block Grant (CDBG), and Portland Clean Energy Community Benefits Fund (PCEF) dollars.
PHB regulates more than 17,000 affordable housing units in more than 400 buildings, with other projects in Portland regulated by Oregon Housing and Community Services (OHCS) and Federal rental assistance agreements. Like any capital asset, over time, these buildings require reinvestment to continue providing safe, affordable housing.
Following a competitive solicitation process, the Bureau will fund seven proposals and preserve at least 457 affordable units and 11 commercial units, with new regulated affordability periods of 60 years or more. The projects include health and life safety repairs, as well as improvements to modernize the buildings and increase livability for residents. Four of the seven projects will incorporate energy efficiency and renewable energy improvements, made possible through funding from PCEF. These awards support the City of Portland’s Climate Investment Plan goal of reducing carbon emissions and protecting vulnerable communities from the most adverse impacts of the climate crisis.
Funded Proposals:
Note: Unit counts reflect regulated affordable units only.
333 Oak Street (Northwest Housing Alternatives), a 90-unit building built in 1909 primarily serving seniors and people with disabilities with incomes at or below 30% Area Median Income (AMI), with all units receiving project-based rental assistance.
Ruth Haefner Plaza and Holgate House Apartments aka “Group 8 Project” (Home Forward), two buildings built in 1971 and 1983 with 153 units combined, which will undergo a Rental Assistance Demonstration (RAD) conversion. Both buildings serve primarily seniors and people with disabilities at or below 30% AMI, and all units will have project-based vouchers.
Taggart Manor (Central City Concern), a 23-unit project built in 1960 serving families in recovery with incomes at or below 50% AMI.
The Whitmarsh Building (Innovative Housing Inc.), a 60-unit project built in 1912 serving lower income single adult households, with units regulated at 50 and 60% AMI.
McCuller Crossing (REACH CDC), a 40-unit project built in 2001 serving low-income families and single adult households with units regulated at 60% AMI.
Albina Corner (REACH CDC), a 48-unit project built in 1996 serving low-income families and single adult households with units regulated at 60% AMI.
Los Jardines de La Paz (Hacienda CDC), a 43-unit project built in 2002 serving low-income families, with units regulated at 30, 50, and 60% AMI.
Learn more about PCEF's affordable housing energy improvements and preservation program (SP 25).