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$47 million awarded for affordable housing

By: Chuck Slothower//April 22, 2016//

$47 million awarded for affordable housing

Chuck Slothower//April 22, 2016//

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North Williams Center, a planned 61-unit project at 2124 N. Williams Ave., is one of eight affordable housing projects to receive Notice of Funding Availability funds from the Portland Housing Bureau. (Ankrom Moisan Architects)
, a planned 61-unit project at 2124 N. Williams Ave., is one of eight projects to receive Notice of Funding Availability funds from the Portland Housing Bureau. (Ankrom Moisan Architects)

The Portland Housing Bureau has awarded $47 million in local and federal dollars to , the agency announced Wednesday.

The awards follow the bureau’s notice in October of available money, specifically $61.6 million for project-based Section 8 vouchers. The notice also made five publicly-owned sites available for affordable-housing development.

Funding was awarded to projects backed by REACH, Home Forward, Central City Concern, and California-based developers Meta Housing Corp. and Bridge Housing Corp. The money will enable construction of 585 new affordable units, and preservation of 255 more through renovations, according to the Housing Bureau.

Of the new units, more than 120 are expected to house the lowest-income households – those earning up to 30 percent of median family income, or $15,400 for an individual and $24,300 for a family of four.

The projects are:

• . REACH will receive $5 million to build 108 units on Portland Development Commission land in Lents. The project includes commercial space and resident services from the Asian Health & Services Center.

• North Williams Center. Bridge Housing Corp. was awarded $4.5 million to develop 61 new affordable units for low-income families on Multnomah County property in the Interstate Corridor Urban Renewal Area. The project involves a possible partnership with Albertina Kerr to provide programming for developmentally disabled residents.

• The Creators Collective. Meta Housing Corp. was awarded $9 million to develop 76 new affordable units on the Housing Bureau-owned King/Parks site in the Interstate Corridor Urban Renewal Area for very-low-income families, seniors and veterans.

• Block 45. Home Forward received $5.6 million for a mixed-income, mixed-use development with 127 affordable units on Housing Bureau-owned property in the Oregon Convention Center Urban Renewal Area.

• Interstate. Central City Concern was awarded $2.2 million to develop 51 new affordable units in the Interstate Corridor Urban Renewal Area.

• The Henry. Central City Concern was also awarded $12.9 million for seismic and capital renovations to preserve 153 single-room occupancy units in Portland’s Central City.

• Stark I & II. Central City Concern was also awarded $7 million to develop 162 new units on two adjacent parcels in the Hazelwood neighborhood.

• Gladstone Square/Multnomah Manor. Home Forward will receive $1 million to renovate and preserve 102 affordable units serving low-income families in two of its complexes in the Lents and Montavilla neighborhoods.

The Housing Bureau also announced that Human Solutions has been granted an exclusive right to negotiate with the agency for a proposed mixed-use development on PDC-owned land in the Gateway Urban Renewal Area. As proposed, this project would include 40 affordable housing units. The actual mix of site uses – office, retail, housing and community services – will be determined through further negotiations, the bureau said.

 



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