PDX devs - who has experience getting low income grants/credits?

PDX devs - who has experience getting low income grants/credits?

Real Estate Agent · Portland, OR · Member since 2017 · 117 posts · 59 votes

I have some RX zoned dirt in an opportunity zone next to the Gateway transit hub. I know I can most likely receive affordable housing subsidies/grants towards a project because of the location but I have no experience with this. Does anyone here have experience building affordable housing and/or applying for low-income grant money?

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    7y

    Not sure if this is  the same but a few years back I had a project in Lincoln City  120 unit apartment deal.

    and I tried to get low income bonds from the state.. No luck as they were highly competitive to get. 

    City I am thinking would be different.. but the low cost state bonds get sold out to the big boys basically first day they are avalaible.

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