‘Last Gap Round 2’ Funding Opportunity to Be Released Week of April 29, 2024
The week of April 29, 2024, PHB will release the Spring 2024 Metro Bond Opportunity Solicitation (“M-BOS Last Gap Round 2”) dedicating resources for acquisition and construction projects that demonstrate readiness to proceed. PHB will invite proposals from development partners with affordable multifamily projects in predevelopment or identified acquisition projects that will deliver new affordable units. Selected projects will assist with meeting or exceeding the Local Implementation Strategy for Portland’s Metro Housing Bond share, in particular the 30% AMI restricted unit and Permanent Supportive Housing unit goals.

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). To be considered, projects must have other capital and operating sources awarded or reserved and be ready for construction or acquisition in 2024.

Metro Housing Bond Progress Map Q2 2024
Optional Developer Meeting
Look for a registration link for an informational Zoom meeting:
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

To receive future notices regarding this upcoming funding opportunity, and future funding opportunities through PHB:
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The City of Portland ensures meaningful access and reasonably provides: translation, interpretation, modifications, accommodations, alternative formats, auxiliary aids and services. To request these services, call 311 for Relay Service or TTY: 711.

Portland Housing Bureau
1900 SW Fourth Ave., Suite 7007
Portland, OR 97201