About This Property
Watershed At Hillsdale offers 51 low-income units in Portland, Oregon, serving elderly and homeless populations. The property includes 48 one-bedroom and 3 two-bedroom apartments and has been in service since 2007. This non-profit-owned community is financed through 9% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Housing Authority of Portland (Homeforward)
The Public Housing waitlist for 1, 2, 3, and 4-bedroom apartments at Stephens Creek is closed; there is no announced reopening date. Home Forward offers priority status to applicants with a terminal illness.
The HCV waitlist is closed. It was last opened in April 2025. Home Forward was notified by HUD that the HCV program is in shortfall status, and they have paused issuing vouchers and cannot select any households from the HCV waitlist while in shortfall status. Applicants who applied in April 2025 will be notified if selected by the end of September 2025. Placement on the waitlist does not guarantee immediate housing assistance.
Waitlist data provided by section8waitlist.org
Updated June 16, 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 Watershed At Hillsdale is typically 30% of household income or less.
What size apartments are available at Watershed At Hillsdale?+
Watershed At Hillsdale offers the following unit types: 48 One-Bedroom, 3 Two-Bedroom units, for a total of 51 units.
How do I apply for housing at Watershed At Hillsdale?+
Watershed At Hillsdale 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.
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.
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. Actual rent at Watershed At Hillsdale may be lower for income-eligible households.
Who manages Watershed At Hillsdale?+
Watershed At Hillsdale is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Watershed At Hillsdale?+
Watershed At Hillsdale primarily serves elderly residents, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Watershed At Hillsdale?+
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.
Contact Information
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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