‘Last Gap Round 2’ Funding Opportunity Now Available

Today, April 30, 2024, PHB has released the Spring 2024 Metro Bond Opportunity Solicitation (“M-BOS Last Gap Round 2”) dedicating resources for affordable multifamily rental housing. Eligible projects include acquisition of existing unregulated housing and new construction projects that demonstrate readiness to proceed. View the solicitation here.

The M-BOS Last Gap Round 2 will offer capital funds from the Metro Housing Bond, Multnomah County General Fund, and Portland Clean Energy Fund; and Supportive Housing Services funding from the City/County Joint Office of Homeless Services (JOHS); and Project-Based Section 8 vouchers. To be considered, projects must be able to proceed to construction or acquisition in 2024. Affordable homeownership projects, land-banking proposals, and projects already in construction are not eligible for award under this solicitation.

Map of Portland showing the locations and statuses of all 24 Metro Housing Bond projects and one land-banked site in Portland.

Optional Developer Meeting

Register now for an informational Zoom meeting on Thursday May 2, 2024 at 2:30 PM (PST)

Visit the Metro Housing Bond page on PHB’s website for more details about the bond.

For more information, please contact:
Lindsay Brown
Solicitation Coordinator, Portland Housing Bureau