Skip sidebar navigation

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.

    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's housing bond work plan

    Gresham’s local implementation of the bond

    The City has developed a local implementation strategy (LIS) to invest its share of the regional bond funds for safe and affordable housing within Gresham. This will likely result in approximately 2-4 housing sites for the creation of approximately 187 housing units. 

    • 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

    Gresham's local implementation strategy draft

    Next steps

    City staff presented the draft to the Metro Bond Oversight Committee on Nov. 6.

    After the Metro Bond Oversight Committee review, the LIS will be finalized as an attachment to the Intergovernmental Agreement (IGA) between Metro and Gresham. This is proposed for approval later in the fall by Gresham City Council and Metro Council.

    Contact

    For more information regarding Gresham’s implementation, contact us at HousingBond@GreshamOregon.gov.