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The Team at ALSO

April 11, 2024

Gresham’s ALSO Apartments Gets $4.8 Million to Build Affordable Units

A future Gresham apartment building has received a portion of a $40 million investment to construct new affordable units.

Oregon Housing and Community Services (OHCS) announced the funding awards utilizing the federal 9% Low-Income Housing Tax Credits, HOME, General Housing Account Program, and Oregon Affordable Housing Tax Credits.

“This progress is about what really matters—putting resources towards investments that make life better for more Oregonians,” said OHCS Director Andrea Bell. “(More than) 400 families and individuals will have a safe and stable place to call home because of these investments and the leadership of our local partners who made this possible.”

Gresham is getting $4.8 million for the ALSO Apartments. The dollars will bring 39 units, with a focus on housing people with intellectual and developmental disabilities. The four-story structure will have a mix of one-bed, two-bed and three-bedrooms

Other projects are located in Portland, Grants Pass, Albany, Chiloquin, Redmond, Veneta, Harrisburg, Junction City, Bend, Salem and La Pine.

OHCS is Oregon’s housing finance agency. The state organization provides financial and program support for affordable housing. Learn more at