The larger of the two is a proposed 55-unit apartment complex on East Burnside Street, just east of Southeast 121st Avenue. The four-story project, called Ventura Park Plaza Apartments, would include 40 one-bedroom units and 15 two-bedroom units. The developer is listed as Lake Oswego, OR-based Ventura Investors LLC, a group of 12 partners who have experience in development and management of a similar type of property in the same market area. The project timeline estimates completion in 2005.

The other project is a condominium development, which means the 10-year property tax abatement would be passed through to the homeowners. Proposed by Irving Street Properties LLC and Gateway Arbors LLC, it would put 24 condominiums on property bounded by Interstate 205, Northeast 99th Avenue, and Northeast Pacific and Irving streets. The project, called Gateway Arbors Phase II, lies within the city's Gateway Plan District Transit Oriented Area, which automatically makes it eligible for the abatement.

For the purchased units to be eligible for the tax abatement, the purchase price may not exceed 95% of the median purchase price for a condominium unit in Multnomah County as established by the US Department of Housing and Urban Development for the purpose of determining FHA loan qualification. This index currently stands at $189,905; 95% of that amount is $180,410. Additionally, the unit must be sold to a household earning no more than 100% of the area median income for a family of four as established by the US Department of Housing and Urban Development, which currently stands at $65,800.