- 50 2 BR family units.
- Located in a 9% poverty rate area.
- With a market rent [I used portland FY 2016 FMR] of $1,026 and a rent restricted rent of $496 [current PDX LIHTC 2 BR rent limit @ 30% MFI].
- With a 30 year affordability period and a 3% social discount rate.
If you do the math I think that works out close to $43k in social benefit per unit per year.
[Methodology of the calculator, including but not limited to affordable housing, is explained in detail HERE].
Summary results are in PDF HERE and below:
Detailed results in Excel file can be found HERE.
Originally created and posted on the Oregon Housing Blog.