About This Property
Watershed At Hillsdale offers 51 low-income units in Portland, Oregon, serving elderly and homeless populations. The property includes 48 one-bedroom and 3 two-bedroom apartments and has been in service since 2007. This non-profit-owned community is financed through 9% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Housing Authority of Portland (Homeforward)
Applications for 13 Home Forward apartment communities were accepted via an online lottery, with a selection to fill spots for the next three years. Eligibility includes meeting specific income guidelines, which vary by property. A terminal illness preference is available for applicants with a life expectancy of less than 12 months.
The HCV waitlist is closed and was last opened in April 2025. Home Forward has paused issuing vouchers and cannot select any households from the HCV waitlist due to a HUD shortfall status. Applicants selected in April 2025 will be notified by the end of September 2025.
Waitlist data provided by section8waitlist.org
Updated July 8, 2026
Property Details
Fair Market Rent - Multnomah County, OR
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,650 |
| 1 Bedroom | $1,776 |
| 2 Bedroom | $2,024 |
| 3 Bedroom | $2,809 |
| 4 Bedroom | $3,254 |
Income Limits - Multnomah County, OR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,300
- Very Low (50%)
- $33,850
- Low (80%)
- $54,150
- Extremely Low (30%)
- $23,200
- Very Low (50%)
- $38,700
- Low (80%)
- $61,900
- Extremely Low (30%)
- $26,100
- Very Low (50%)
- $43,550
- Low (80%)
- $69,650
- Extremely Low (30%)
- $29,000
- Very Low (50%)
- $48,350
- Low (80%)
- $77,350
- Extremely Low (30%)
- $31,350
- Very Low (50%)
- $52,250
- Low (80%)
- $83,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $56,100
- Low (80%)
- $89,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $60,000
- Low (80%)
- $95,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $63,850
- Low (80%)
- $102,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,300 | $33,850 | $54,150 |
| 2 Persons | $23,200 | $38,700 | $61,900 |
| 3 Persons | $26,100 | $43,550 | $69,650 |
| 4 Persons | $29,000 | $48,350 | $77,350 |
| 5 Persons | $31,350 | $52,250 | $83,550 |
| 6 Persons | $35,580 | $56,100 | $89,750 |
| 7 Persons | $40,120 | $60,000 | $95,950 |
| 8 Persons | $44,660 | $63,850 | $102,150 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Portland, OR?+
The Fair Market Rent (FMR) for Multnomah County, OR is: $1650 (Studio), $1776 (1BR), $2024 (2BR), $2809 (3BR), $3254 (4BR). Actual rent at subsidized properties like Watershed At Hillsdale is typically 30% of household income or less.
What size apartments are available at Watershed At Hillsdale?+
Watershed At Hillsdale offers the following unit types: 48 One-Bedroom, 3 Two-Bedroom units, for a total of 51 units.
What are the income limits for affordable housing in Multnomah County, OR?+
For a 4-person household in Multnomah County, OR, the income limits are: Extremely Low Income (30% AMI): $29,000, Very Low Income (50% AMI): $48,350, Low Income (80% AMI): $77,350. These limits are set by HUD and updated annually.
What is the price range for apartments in Portland, OR?+
Based on Fair Market Rent for Multnomah County, the estimated price range is: 1-bedroom: $1776, 2-bedroom: $2024. Actual rent at Watershed At Hillsdale may be lower for income-eligible households.
Who is eligible to live at Watershed At Hillsdale?+
Watershed At Hillsdale primarily serves elderly residents, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Watershed At Hillsdale?+
Watershed At Hillsdale is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Watershed At Hillsdale?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at Watershed At Hillsdale?+
Watershed At Hillsdale is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Contact Information
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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