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.