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The Portland City Council on Wednesday approved construction financing up to $9.6 million for a project to renovate and expand an affordable housing complex in the Powellhurst-Gibert neighborhood.

Garden Park Estates occupies four acres at 3124-3224 S.E. 136th Ave. The complex currently has 62 two-bedroom apartments and one three-bedroom unit, according to the city’s website. Innovative Housing Inc. (IHI) is leading the effort to demolish and rebuild 29 of those units, rehabilitate the other 34, and construct 54 new ones to establish a new total of 117 units.

LRS Architects is the project’s architect, and LMC Construction is the general contractor.

Most of the apartments 鈥� 96 鈥� will have two bedrooms. There will also be eight studios, six with one bedroom, and seven with three bedrooms. Twenty-five will be Permanent Supportive Housing (PSH) units; the others will be for people who make up to 60 percent of the area median income. Rental assistance from Oregon Housing and Community Services will be available to residents in the PSH units.

Resident services for all households will be incorporated into the development, interim Portland Housing Bureau director Molly Rogers said during the City Council’s meeting on Wednesday. They will include housing stability support, after-school activities (including academic support) for youth, eviction prevention counseling, information and resource referrals, and workshops and educational opportunities.

The renovation will include additional laundry facilities, new playground equipment, LED lighting, and rooftop solar panels on one building. The project is on track to achieve Earth Advantage multifamily gold certification.

The estimated development cost is $57.9 million, according to the city’s website. More than $47 million is coming from Umpqua Bank private financing, Enterprise housing credit investments, and Oregon Housing and Community Services contributions.

LMC Construction is scheduled to begin construction on June 1 and finish in October 2025. The work will take place in three phases to minimize impacts on current residents.

鈥淣one of the residents will be displaced as a result of that work,鈥� Rogers said on Wednesday.