Portland Housing Bureau (PHB)
The Down Payment Assistance program offered by PHB is designed to help first time home buyers. It specifically helps people in the Portland’s Interstate Corridor and Lents Town Center Urban Renewal Areas. The down payment assistance is a loan and is considered a second mortgage on your home. There are conditions and income requirements too. However you may obtain a grant up to 25% of the loan amount for home improvements. More information is available by calling 503-823-2375.