Home Finance Metro Taps Bond Interest Earnings to Cut Rents on Nearly 300 Affordable Apartments as Portland-Area Vacancies Linger
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Metro Taps Bond Interest Earnings to Cut Rents on Nearly 300 Affordable Apartments as Portland-Area Vacancies Linger

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Aerial View of Portland, Oregon at Dusk on a cloudy Day
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Metro is redirecting interest earned on its $652.8 million housing bond to buy down rents at five Portland and Gresham properties, a bid to fill studios and one-bedrooms that have struggled to lease at 60 percent of area median income while market-rate landlords chase the same tenants.

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