affordable housing developments – Daily Journal of Commerce /news/tag/affordable-housing-developments/ Building and Construction News in Portland, Oregon and the Pacific Northwest Tue, 08 Aug 2023 20:24:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.6 /files/2023/08/favicon.webp affordable housing developments – Daily Journal of Commerce /news/tag/affordable-housing-developments/ 32 32 Permanent supportive housing developments receive funding /news/2023/08/08/permanent-supportive-housing-developments-receive-funding/ Tue, 08 Aug 2023 20:24:32 +0000 /?p=278826 OHCS received a total of nine applications, amounting to $40 million in PSH funding requests, greater than the available capital. After careful review, six projects were recommended to receive funding.

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Kafoury Court was awarded $12 million. ()

The Oregon Housing Stability Council has approved $38.7 million in for six across the state.

The investments from Oregon Housing and Community Services (OHCS) will provide 227 homes for people experiencing chronic homelessness or needing supportive services in addition to housing.

Permanent supportive housing (PSH) is housing with onsite services connecting residents to food resources, transportation, employment, behavioral health support and more. Rental assistance is also provided for individuals and families.

OHCS received a total of nine applications, amounting to $40 million in PSH funding requests, greater than the available capital. After careful review, six projects were recommended to receive funding.

The developments receiving awards include:

 

  • Third Street Commons, Corvallis, $9.2 million in capital funds, 46 units
  • Kafoury Court, Portland, $12 million in capital funds, 40 units
  • Bridges on Broadway, Eugene, $8.4 million in capital funds, 56 units
  • Marine Drive, Astoria, $6.1 million in capital funds, 32 units
  • The Clifford, Portland, 31 units of rental assistance and services funding
  • Woodland Hearth, Tigard, $3 million in Housing Trust Fund, 22 units

The objective of OHCS’ PSH Program is to expand the state’s supply of affordable housing designed to serve households experiencing chronic homelessness. This housing method is a cost-effective measure shown to increase housing stability and improve health. PSH reduces public reliance on crisis services while ensuring people who previously experienced homelessness now have dignified housing options.

For more detailed information about each recommended project, see the

Bridges on Broadway in Eugene was awarded $8.4 million. (Oregon Housing and Community Services)
Woodland Hearth in Tigard was awarded $3 million. (Oregon Housing and Community Services)

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