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Government

Metro Housing Bond

  • In 2018, voters approved a $652.8 million affordable housing bond measure to create permanently affordable homes across Multnomah, Washington and Clackamas counties.

    Gresham's share is $26.7 million. Construction is underway on two housing projects endorsed by the City Council in 2020 for this effort.

    Gresham's affordable housing projects  

  • Albertina Kerr

    Albertina Kerr 
    722 NE 162nd Ave.

    City of Gresham housing bond funds invested: $11.2 million

    Partners and scope: Albertina Kerr’s Workforce & Inclusive Housing Project will create 150 new affordable apartments on Kerr’s Gresham campus

    Project timeline: Applications open in February 2022; move-ins late May 2022

    Housing highlights

    • The largest net zero energy affordable housing project in the Pacific Northwest is powered entirely by solar energy. Residents won’t pay for utilities (electricity, water, sewer) and will have access to free high-speed internet.
    • Thirty accessible units with state-of-the-art technology for adults experiencing intellectual and/or developmental disabilities.
    • Remaining apartments priced to support human services workers.
    • Outdoor courtyard with playground equipment and barbecue for gatherings.

    Albertina Kerr project summary

    Learn more at albertinakerr.org For information, call 503-239-8101.

    Rockwood Village

    Rockwood Village 
    740 NE 182nd Ave.

    City of Gresham housing bond funds invested: $5.1 million

    Partners and scope: Community Development Partners and Hacienda CDC, a Latino Community Development Corporation, have built a 224-unit community set around new Neighbor’s Park. The City funded 47 units; 23 are three and four-bedroom units.

    Project timeline: Now open. Join the waitlist by filling out an online application

    Housing highlights

    • Park-like setting preserved a mature grove of Douglas fir trees.
    • A community space with garden, walking paths, food truck plaza, public art, play areas.
    • Community building for celebrations with meeting space, kitchen, etc.
    • Nearby public transportation.

    Rockwood Village project summary

    Learn more at rockwood-village.com For information, call 503-489-5376.

  • Next steps

    Both Albertina Kerr and Rockwood Village anticipate completing construction in spring 2022.

    The City has $10.4 million remaining to invest Gresham’s housing bond funds. Staff and City Council are working on development priorities before seeking proposals in 2022.  

  • Housing bond background

    • 2018 Housing Bond
    • Gresham's Implementation of Funds
    2018 Housing Bond

    Metro is working with local partners and communities across the region to develop 3,900 homes for seniors, working families, veterans and others who need them.

    Metro will implement the bond in partnership with the City of Gresham and six other jurisdictions, each with its own funding allocation and production targets.

    Metro housing bond website

    Metro housing bond work plan

    Gresham's Implementation of Funds

    The City's local implementation strategy will invest its share of the regional bond funds for safe and affordable housing within Gresham. This will result in 2-4 housing sites to meet Gresham's bond housing targets:

    Project funding available to Gresham: $26.7 million
    Target number of housing units: 187
    Number of deeply affordable units: 77
    Number of family-sized units: 93

    • With the two projects under construction, the City has surpassed the 187-unit production required from Metro with 194 units under construction.
    • The City has met its target for deeply affordable units
    • The City will need to produce 23 more family-sized units with the $10 million remaining.
    • Given the remaining funds available, Gresham will be able to exceed the housing production goals established in our local plan.

    Gresham's local implementation strategy

  • Contact

    For more information about Gresham's bond implementation, contact us at HousingBond@GreshamOregon.gov.