About This Property
12th Ave Terrace offers 119 units in Portland, Oregon, with 118 units designated as low-income housing. The property, which opened in 1994, serves elderly residents through a mix of 118 studio apartments and one 1-bedroom unit, and receives 9% Low-Income Housing Tax Credit funding.
Waitlist Information
Waitlist managed by Housing Authority of Portland (Homeforward)
Waitlists for Home Forward apartment communities (property-based) were last opened in April 2025. Selection is by lottery, and some properties may have preferences for seniors and/or disabled individuals. Waitlists open as units become vacant.
The HCV waitlist is closed. It was last opened in April 2025. Home Forward has paused issuing vouchers and cannot select any households from the HCV waitlist due to a HUD-determined shortfall status for 2025. Applicants selected in April 2025 will be notified by the end of September 2025.
Waitlist data provided by section8waitlist.org
Updated June 18, 2026
Property Details
Fair Market Rent - Multnomah County, OR
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,650 |
| 1 Bedroom | $1,776 |
| 2 Bedroom | $2,024 |
| 3 Bedroom | $2,809 |
| 4 Bedroom | $3,254 |
Income Limits - Multnomah County, OR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,300
- Very Low (50%)
- $33,850
- Low (80%)
- $54,150
- Extremely Low (30%)
- $23,200
- Very Low (50%)
- $38,700
- Low (80%)
- $61,900
- Extremely Low (30%)
- $26,100
- Very Low (50%)
- $43,550
- Low (80%)
- $69,650
- Extremely Low (30%)
- $29,000
- Very Low (50%)
- $48,350
- Low (80%)
- $77,350
- Extremely Low (30%)
- $31,350
- Very Low (50%)
- $52,250
- Low (80%)
- $83,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $56,100
- Low (80%)
- $89,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $60,000
- Low (80%)
- $95,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $63,850
- Low (80%)
- $102,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,300 | $33,850 | $54,150 |
| 2 Persons | $23,200 | $38,700 | $61,900 |
| 3 Persons | $26,100 | $43,550 | $69,650 |
| 4 Persons | $29,000 | $48,350 | $77,350 |
| 5 Persons | $31,350 | $52,250 | $83,550 |
| 6 Persons | $35,580 | $56,100 | $89,750 |
| 7 Persons | $40,120 | $60,000 | $95,950 |
| 8 Persons | $44,660 | $63,850 | $102,150 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Portland, OR?+
The Fair Market Rent (FMR) for Multnomah County, OR is: $1650 (Studio), $1776 (1BR), $2024 (2BR), $2809 (3BR), $3254 (4BR). Actual rent at subsidized properties like 12th Ave Terrace is typically 30% of household income or less.
What size apartments are available at 12th Ave Terrace?+
12th Ave Terrace offers the following unit types: 118 Studio, 1 One-Bedroom units, for a total of 119 units.
Who is eligible to live at 12th Ave Terrace?+
12th Ave Terrace primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Portland, OR?+
Based on Fair Market Rent for Multnomah County, the estimated price range is: 1-bedroom: $1776. Actual rent at 12th Ave Terrace may be lower for income-eligible households.
Is there a waitlist for 12th Ave Terrace?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Multnomah County, OR?+
For a 4-person household in Multnomah County, OR, the income limits are: Extremely Low Income (30% AMI): $29,000, Very Low Income (50% AMI): $48,350, Low Income (80% AMI): $77,350. These limits are set by HUD and updated annually.
Who manages 12th Ave Terrace?+
12th Ave Terrace is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at 12th Ave Terrace?+
12th Ave Terrace is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Contact Information
Walk Score
Walker's Paradise
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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