Project · Portland, OR · Updated yesterday
True North
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Sourced from Portland meeting, May 5, 2026. ZoneWire tracks 56 projects in Portland, OR, updated within 24h of every meeting.
Where this stands
50 affordable homeownership units on a three-acre site, 100% family-sized: 22 two-bedroom, 19 three-bedroom, 11 four-bedroom units; two ADA-accessible single-story homes. 25 units affordable to 60% AMI, 25 units to 80% AMI at initial sale, all regulated at 80% AMI after; 60-year regulatory agreement with affordability covenant in perpetuity. 50-52 off-street parking spaces including two accessible. Pursuing Earth Advantage Net Zero Ready certification, solar ready. Partnered with Proud Ground community land trust. Funded by Metro Housing Bond, ICURA TIF, ~$8M PHB financing, $6.7M Oregon Housing Community Services LIFT funds, $1M federal appropriations, On Point Credit Union below-market financing. Construction starts June 2026, first homes sell 2028, full completion 2029.
- Project
- True North
- Asset class
- Residential
- Developer
- Habitat for Humanity Portland Region
- Location
- University Park neighborhood, North Portland (Cary Boulevard site)
- Scale
- 25 units
- County
- Portland, OR
- Jurisdiction
- Portland
- Current status
- Approved
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True North
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