Avesta Housing proposes new apartments on Valley Street

Avesta Housing is proposing a five-story, 60-unit apartment building on Valley Street in Portland.

While some units would be rented at market prices, a majority would be affordable to people making significantly less than the area median income.

Elliott said the apartments would be of varying sizes, from efficiencies to three-bedroom. Twenty percent — 12 apartments — would be market rate. The remaining 80 percent — 48 apartments — would be rented at prices affordable to people who make 50 to 60 percent of the area median income. The project will not be restricted by age.

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