Affordable housing bond program | Metro

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Learn how Metro is making progress toward new affordable homes across the greater Portland region.

Housing complex with dark blue exterior and tall pine trees in the foreground. Two picnic tables with people are on the lower right.

Read the 2023 report

Each year, since the first bond funding became available to build new housing, Metro staff creates a report compiling detailed data about production. Highlights from the latest report include: 1,635 homes available to households with incomes at or below 30% of the area median income, 747 that are permanent supportive housing for households that have experienced homelessness and have at least one disability and 1,052 that come with rent assistance.

Read the 2023 report

Woman with short dark hair and a blue print dress standing in her kitchen

Read the story report

“Better Together” tells the stories of people who recently moved into new affordable homes across greater Portland – and how the regional affordable housing bond is outpacing promises made to voters in 2018. Stories, photos, graphs and maps bring to life the meaning of affordable housing, and invite celebration of this important milestone: over 1,000 affordable bond-funded homes have opened! And more are being built every day.

Read the story report

Back of blonde woman's head with older white man sitting at a desk, arms folded. A laptop is open on the desk.

Alan chooses furniture for his new home on Do Good’s online “Good Store”

Learn more about supportive housing

In May 2020, voters in greater Portland approved a measure that will raise money for supportive housing services for people experiencing or at risk of experiencing houselessness. Now in its fourth year, the supportive housing services fund has helped thousands of households across the region avoid homelessness, find and keep a new home, access employment services and more.

Learn more about supportive housing

Metro Housing video

Watch a short video explaining the mission of Metro's supportive housing services fund and housing bond, and how they work together to address homelessness across greater Portland.

Metro Housing video

Four story apartment building with shrubbery in the foreground

Learn more about equitable housing

Metro’s Equitable Housing Initiative convened local and national experts to research and coordinate on funding and investment solutions to the affordable housing crisis.

Learn more about equitable housing

For over a decade, communities across greater Portland have struggled with a regional housing affordability crisis that gets worse every year. Rents have been raised dramatically – much faster than incomes – pricing out Black, Indigenous and other people of color, immigrants, seniors, veterans, people with disabilities and other low-income renters. More people need affordable housing, and there is not enough to meet the demand.

Faced with this challenge, policymakers in greater Portland recognized that the best way to address the crisis would be with a regional response. That’s why in 2018, Metro partnered with local cities and counties to ask voters to support the creation of new affordable housing in the region. The resulting voter-approved bond generates $652.8 million and is on track to create an estimated 5,600 affordable homes – 1,700 more than its initial goal. These range from studio to four-bedroom homes to meet a variety of household needs.

Today, Metro collaborates with local cities and counties to both fund and create new affordable housing and to provide supportive housing services. When people have ample, truly affordable housing options to choose from in each neighborhood across the region, everyone benefits.

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Housing news

Beaverton opens latest affordable housing community with Metro bond funds

March 17, 2025 6:14 p.m.

Altura apartments in Beaverton brings 75 affordable homes to the South Cooper Mountain area. Metro's affordable housing bond contributed $12 million to the development's construction costs.
There’s no place like home: Terrace Glen residents tell their stories

By Lauren Everett
Dec. 18, 2024 10:01 a.m.

Residents of Tigard’s Terrace Glen Apartments reflect on the meaning of home in a community art project. The affordable apartment community was built in part with over $17 million in Metro affordable housing bond funds.
Meridian Gardens offers new beginnings in Southeast Portland

Nov. 5, 2024 9:51 a.m.

The recovery-oriented affordable apartment community was made possible in part with a combination of Metro housing bond, supportive housing services, and transit-oriented development funds.
Building green space into affordable housing

By Lauren Everett
Oct. 14, 2024 4:10 p.m.

Developers creating new apartment communities built with Metro affordable housing bond funds are responding to community need for outdoor spaces with innovative site plans, preserving mature trees and creating places for people to gather.
Scholar of Oregon’s Black history celebrated in naming of new affordable apartment community

Sept. 19, 2024 11:27 a.m.

The Dr. Darrell Millner Building brings 63 affordable apartment homes to North Portland. The building was developed using over $9 million in Metro affordable housing bond funds.
Plaza Los Amigos brings 113 affordable homes to Cornelius

Sept. 11, 2024 10:19 a.m.

Funded in part by the Metro affordable housing bond, the new community has doubled the small town’s affordable housing inventory.

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