About This Property
85 Stories Group I comprises 259 low-income units in Portland, Oregon, serving families, elderly, and disabled residents. The property features a mix of studio, one-bedroom, two-bedroom, and three-bedroom units and has been in service since 2016. Financing includes tax-exempt bonds and 4% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Housing Authority of Portland (Homeforward)
Applications for project-based waitlists are selected via a random lottery. Households must earn less than 50% of the Area Median Income (AMI), and meet other eligibility requirements.
The waitlist was last opened in April 2025. Applicants from that period will be notified by the end of September 2025. Status can be checked on the Rent Café portal.
Waitlist data provided by section8waitlist.org
Updated October 22, 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 85 Stories Group I is typically 30% of household income or less.
What size apartments are available at 85 Stories Group I?+
85 Stories Group I offers the following unit types: 63 Studio, 166 One-Bedroom, 27 Two-Bedroom, 3 Three-Bedroom units, for a total of 259 units.
Is there a waitlist for 85 Stories Group I?+
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 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, 2-bedroom: $2024, 3-bedroom: $2809. Actual rent at 85 Stories Group I may be lower for income-eligible households.
How do I apply for housing at 85 Stories Group I?+
85 Stories Group I 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.
Who is eligible to live at 85 Stories Group I?+
85 Stories Group I primarily serves families, elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
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 85 Stories Group I?+
85 Stories Group I is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Walker's Paradise
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.