PHB’s Metro Bond Opportunity Solicitation (M-BOS Last Gap) invites proposals from housing development partners with multifamily projects in predevelopment or construction that can help meet the City’s Local Implementation Strategy for Portland’s share of the Metro Housing Bond, in particular the 30% AMI restricted units and Permanent Supportive Housing unit goal.

The M-BOS Last Gap will offer capital funds from the Metro Affordable Housing Bonds, Multnomah County General Funds and Portland Clean Energy Fund (PCEF), rent support from Home Forward, and Supportive Housing services funding from the City/County Joint Office of Homeless Services (JOHS). To be considered, projects must be able to demonstrate “readiness-to-proceed” including permit submissions, general contractor bids, and committed financing such as awarded Private Activity Bonds.

Up to $28,838,000 is available in capital funding, as well as up to 50 Project Based Section 8 payment (PBS8) vouchers from Home Forward, and up to $10,000 per unit per year from the Joint Office of Homeless Services for rent support and service funding.

PROPOSALS ARE DUE MONDAY, SEPTEMBER 25 AT 3:00 PM

MANDATORY DEVELOPER INFORMATION MEETING
All developers/sponsors wishing to be considered through this Solicitation must have at least one team member register and attend the meeting. 

2023 M-BOS Last Gap Mandatory Developer Information Session
Aug 30, 2023, 03:00 – 4:30 PM Pacific Time (US and Canada)

Register in advance for this meeting:

https://us02web.zoom.us/meeting/register/tZ0lceihpjItG9H0w95rXkaWpxCk0voAG7Ea

Please contact our Solicitation Coordinator with any questions:
Megan Grillo, Bond Housing Program Coordinator at bond.info@portlandoregon.gov

SEE THE FULL SOLICITATION: https://www.portland.gov/phb/MBOS-2023-last-gap