The Portland Housing Bureau is investing over $9 million in nonprofit developers to build and preserve affordable rental homes.
Last fall, PHB announced the availability of funding through a competitive process and invited developers to submit proposals for either new construction or repair of existing apartments serving low-income families and individuals.
The available funding is from three sources: Tax-Increment Financing (TIF) from the Interstate Urban Renewal Area, and federal funds from the HOME and Community Development Block Grant programs.
PHB received a total of 17 proposals requesting almost $27 million.
Through a transparent process involving input from jurisdictional partners, subject matter experts, and community members, PHB selected three nonprofit development teams for funding: Central City Concern, ROSE CDC, and LifeWorks NW.
Collectively, they will preserve 60 affordable apartments in the Old Town/Chinatown area, repair 31 apartments for families in Southeast Portland, and build 31 new affordable apartments in Northeast Portland.
The investments announced by PHB underscore the bureau’s commitment to provide more rental housing for our most vulnerable – the number one investment priority in PHB’s 2011-13 Strategic Plan. Other criteria included: equity and social justice goals; Minority, Women and Emerging Small Business emphasis; ability to leverage other funding sources; focus on furthering fair housing goals; and green building components.
Priority was given to applicants focused on the needs of people and families with incomes below 30% of Median Family Income (MFI), which is $15,150/year for one person or $21,600 for a family of four.
Notice of Funding Availability Awards Debrief: March 7
PHB invites the community for a debrief meeting on the Notice of Funding Availability awards. The debrief is scheduled for 1 to 3pm on Wednesday, March 7 at the PHB office, 421 SW 6th Ave., Suite 500, in downtown Portland. Click here for the draft agenda.
Central City Concern: Medford Hotel Apartments, NW 5th and Glisan
Central City Concern will complete major renovation of the Medford Hotel Apartments in Old Town/Chinatown. The Medford currently offers 60 affordable apartments that, in partnership with Multnomah County, provide extremely low-barrier housing for people transitioning from the corrections system who are at risk of becoming homeless.
Many of the residents are people of color, and earn 30% or less of the area’s Median Family Income. In addition to safe, affordable homes, The Medford provides rent assistance, help with job searches, and other services to support formerly incarcerated people transitioning back into our community.
ROSE CDC: Greenview Terrace, SE 148th and Stark
ROSE CDC will acquire and rehabilitate Greenview Terrace, a 31-unit building in outer southeast Portland that includes a mix of one- and two-bedroom apartments.
To serve veterans experiencing homelessness, ROSE will work with the Veterans Administration, JOIN and Impact Northwest to provide services to Greenview Terrace residents. In particular, the Veterans Administration is providing Veterans Affairs Supportive Housing – VASH – rent assistance vouchers to help make the homes affordable to veterans. Two-bedroom homes will be available to hard-working single mothers with children who earn less than 50% of the Median Family Income, which is $25,200/year for one person.
LifeWorks NW: New Construction, NE Garfield and Beech
LifeWorks Northwest will develop a unique building combining LifeWorks’ drug and alcohol treatment program with affordable apartments serving women in recovery and their children.
LifeWorks Northwest’s “Project Network” provides culturally specific recovery services to women and children who are involved in both the child welfare and criminal justice systems. The new facility will include on-site childcare, a playground, individual and family therapy rooms, a library, and community space.