The Jade Apartments are now open in Portland’s Powellhurst-Gilbert neighborhood, adding 40 homes to the city’s affordable housing stock. Co-developed by APANO and Gorman & Company, the project includes 26 family-sized units, five homes for extremely low-income households, shared community spaces, resident services and energy-efficiency features. Here is what the opening adds to Portland affordable housing.

Key Takeaways

• The Jade Apartments opened in August 2026 with 40 regulated affordable homes in Powellhurst-Gilbert.
• Twenty-six apartments have two or three bedrooms, including 15 three-bedroom units.
• Five homes are regulated for households earning 30% or less of area median income, while 35 are regulated at 60% AMI.
• APANO and Gorman & Company co-developed the approximately $23.4 million project.
• The Jade is the seventh and final Metro Housing Bond-funded project to open in Portland in 2026.

Jade Apartments Add 40 Affordable Homes in East Portland

The Portland Housing Bureau announced Aug. 31 that the Jade Apartments had opened at 2909 SE 89th Ave. The 40-unit development is the seventh and final Metro Housing Bond-funded project scheduled to open in Portland in 2026.

The opening expands Portland affordable housing inventory with homes ranging from one to three bedrooms. Of the 40 apartments, 26 have two or three bedrooms, giving the development a substantial share of units intended for larger households.

The Portland Housing Bureau lists 14 one-bedroom apartments, 11 two-bedroom apartments and 15 three-bedroom apartments. Five units are regulated for households earning 30% or less of area median income, or AMI, while the remaining 35 are regulated at 60% AMI.

APANO and Gorman & Company co-developed the property near the Jade District, an East Portland cultural and commercial area with a significant Asian and Asian American community. The location is also near schools, shopping and frequent high-capacity transit.

Family-Sized Units Shape the Development

The apartment mix is one of the project’s most notable features. With 26 of the 40 homes offering two or three bedrooms, nearly two-thirds of the property is configured for households that need more than a one-bedroom apartment.

Fifteen units have three bedrooms, while another 11 have two bedrooms. The Portland Housing Bureau describes those 26 apartments as family-sized housing intended to accommodate larger households.

The five units at 30% AMI provide the development’s deepest affordability tier. City officials classify those homes as serving extremely low-income households.

The other 35 apartments are regulated at 60% AMI, creating a two-tier affordability structure across the property rather than market-rate units alongside the five deeply affordable homes.

Public Funding Supports Housing and Energy Features

Metro lists the total development cost for the Jade at approximately $23.4 million. The Metro Affordable Housing Bond contributed about $4.4 million, while the Transit-Oriented Development program provided an additional $190,000.

The Portland Housing Bureau also identifies funding from the Portland Clean Energy Community Benefits Fund and Multnomah County general funds. Those public resources helped finance both the housing development and environmental features incorporated into the property.

The Jade includes a solar array, green building materials, 50-year roofs and high-efficiency heating, ventilation and air-conditioning equipment. The city’s project profile also lists the building as net-zero ready.

The project opens while Portland continues using multiple policy tools to address housing affordability. On the homeownership side, the city has also updated its Portland homebuyer tax exemption program, including a $455,000 maximum sale price for qualifying homes entering the program in 2026.

Resident Services Extend Beyond Housing

The Jade Apartments combine housing with shared indoor and outdoor spaces. Amenities include two courtyards, a community garden, a play area and a community room with a kitchen. The property also has management and resident-services offices.

APANO will provide culturally specific resident services. Metro says those services are expected to draw on the organization’s work in community organizing, public health and economic development.

That role reflects APANO’s broader housing strategy in the Jade District. The organization describes its real estate work as part of an effort to “keep our community rooted and thriving,” connecting affordable housing development with its longer-running anti-displacement work in the neighborhood.

The community garden also has a specific cultural component. Metro says it is intended to support crops that may not commonly be available in conventional grocery stores or gardens.

The Project Completes Portland’s 2026 Bond Openings

The Portland Housing Bureau identified the Jade Apartments as the seventh and final Metro Housing Bond-funded development to open in the city during 2026. The agency reported on Aug. 31 that Portland had exceeded several of its original Metro bond housing targets.

Metro’s bond program helped finance the Jade alongside its Transit-Oriented Development program. The project is one part of a broader affordable housing strategy that has supported developments across Portland.

The opening comes as other Portland redevelopment projects move through different planning, infrastructure and construction stages in areas including Broadway Corridor, the OMSI District and Lower Albina.

For Powellhurst-Gilbert, the immediate result is more specific: 40 regulated apartments are now open near the Jade District, including 26 family-sized homes and five units reserved for extremely low-income households. The project adds both housing capacity and resident services to Portland affordable housing stock while closing out the city’s Metro bond-funded openings for 2026.

Frequently Asked Questions

How many affordable homes are at the Jade Apartments?

The Jade Apartments include 40 regulated affordable homes. Fourteen have one bedroom, 11 have two bedrooms and 15 have three bedrooms.

Where are the Jade Apartments located?

The Jade Apartments are at 2909 SE 89th Ave. in Portland’s Powellhurst-Gilbert neighborhood, near the Jade District. The property is located between 82nd Avenue and Interstate 205 and is near transit, schools and shopping.

Who developed the Jade Apartments?

APANO and Gorman & Company co-developed the property. The Portland affordable housing project also received support from the Metro Affordable Housing Bond, the Portland Clean Energy Community Benefits Fund, Multnomah County and other financing sources.

How affordable are the apartments?

Five apartments are regulated for households earning 30% or less of area median income. The remaining 35 homes are regulated at 60% AMI.

What amenities are included at the Jade Apartments?

Residents have access to two courtyards, a community garden, a play area, a community room and kitchen, and resident-services offices. The building also includes a solar array and other energy-efficiency and green-building features.