421 SW 6th Avenue, Suite 500, Portland, OR 97204
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The Portland Housing Bureau (PHB) announces the release of a 2014 Affordable Rental Housing Opportunity Fund. This new Opportunity Fund is available for a total of $7.4 million.
Aligned with PHB’s mission, the funds will be used to rehabilitate, preserve or develop housing that helps solve the unmet housing needs of the people of Portland. The City encourages the innovative use of these funds including mixed-income and mixed-use projects. Proposals must dedicate at least 51 percent of the total project units for low and moderate income housing up to 80 percent or less of area median family income (MFI). (For reference, a four person household earns $55,000 a year or less at 80 percent of median family income in Portland.) Proposals must also include a strong equity component focused on contracting opportunities for minority, women owned and emerging small businesses.
“These funds will be used to encourage vibrant mixed-use and mixed-income developments,” said Traci Manning Portland Housing Bureau Director. According to Housing Commissioner Dan Saltzman, the intention with the release of these funds is to “build more affordable housing in Portland to ensure that those families who work in Portland can afford to live in Portland as well as providing contract opportunities minority, women owned and emerging small business.”
“It gets down to opportunity,” Mayor Charlie Hales said. “We strive to find ways to provide more opportunity for all Portlanders. And affordable housing is one of the best ways to do that. This program can make a true difference.”
The Opportunity Fund will be released Tuesday, Jan. 14 with the first review of proposals beginning February 10. PHB will accept applications on a continuing basis until all funds are committed or the fund is curtailed.
An information session is from noon to 1:30 p.m. Jan. 23 at Portland Housing Bureau offices, 421 S.W. Sixth Ave., Ste. 500, Steel Conference Room.
Please click hereif interested in applying for these funds.
Last week, our partners at Cedar Sinai Park celebrated the preservation of the 1200 Building, Lexington Apartments, Park Tower and the opening of the Harry and Jeanette Weinberg Health and Social Services Center.
At PHB, are honored to work with people that are doing this much good in our community.
In 2008, the need to preserve 11 buildings was identified. There was a storm of buildings being sold and converted into condos. These buildings, three of which were celebrated last week, became part of a large-scale effort called the 11X13 Preservation Campaign. Had we not worked with our partners to preserve these buildings, the residents, more than 700 people, would have been swept up in the tide of market forces. These are our city’s most vulnerable people—seniors, people with disabilities and very low income earners. But our community, one that partners to create a powerful movement, preserved the affordability of these homes for 60 years.
We did that efficiently, leveraging private, state and federal dollars. For every dollar the City invested, we leveraged $4 in private and $5 in federal funds. The City invested $22 million in Community Development Block Grant (CDBG), Section 108 loans, and local urban renewal dollars. This leveraged $110 million in private investments and more than $120 million in federal assistance over the next 20 years.
Cedar Sinai Park is piloting an innovative model that leverages public and private money so seniors can age at home. The Harry and Jeanette Weinberg Health and Social Services Center furthers their mission to allow seniors and people with disabilities to age in place while remaining independent and contributing members of their communities. The health center, part of an innovative coordinated care effort, provides more compassionate care, specific to this population, at a lower cost.
We talk a lot about buildings, and rightfully so, but we must also focus on the people who call those buildings home. 1200 Building resident Robert Gutierrez is the reason we invest in housing preservation. Because of this accomplishment, Robert, who is 75, can continue to live near museums, theaters and shopping, allowing him to maintain the life he wants- at an affordable rent- through his senior years.
Park Tower, Lexington Apartments and the 1200 Building are located in the central city, close to the best services and amenities that our city has to offer. That’s what we would want for ourselves, our relatives and our neighbors who are aging and it’s possible with partners like Cedar Sinai.
Our partners at Oregon Opportunity Network invited leaders from the Portland Housing Bureau (PHB) and Commissioner Dan Saltzman's office to speak as panelists yesterday at their public forum series.
Brendan Finn, Chief of Staff to the Commissioner, addressed many topics of interest to the audience, including how our City's bureaus work together to create complete neighborhoods, how equity and location play a role in choosing the projects in which we invest and opportunities to build and preserve homes for residents at various income levels.
Housing Bureau Director Traci Manning spoke about the Bureau's update to our Strategic Plan, which will have a narrower focus on outcomes and bust silos around our work to better serve our residents who fall on a continuum of housing needs. Traci also updated the audience on the joint governance with Multnomah County, City of Portland and Home Forward, as was first introduced in the Reset to our community's 10 Year Plan to End Homelessness. This will help prioritize how we direct our limited resources. It will also leverage affordable housing and services investments to bring more services into housing for our partners.
Assistant Housing Director Javier Mena gave more detail on the Bureau's Equity Agenda and upcoming Notice of Funding Availability (NOFA), which will be released on March 17 in the amount of $17.5 million. This NOFA will focus on households earning up to 60% MFI, with an additional preference for households 0%-30% MFI, our city’s most vulnerable population. This NOFA is another opportunity for PHB to emphasize our Equity Agenda, in terms of contracting with minority, women and emerging small business (MWESB) subcontractors and providers of professional services. Javier also discussed a Request for Funding Proposal (RFP) for $4.2 million in February, which will help transition residents living in affordable housing units into sustainable homeownership. Homeownership helps stabilize families and communities, so kids can grow up in one school system and create long-term connections and support networks that will make them successful in school and life. This is a priority of both Housing Commissioner Dan Saltzman and our Bureau.
Portland Housing Advisory Commission will meet from 3 to 5 p.m. Tuesday, Feb. 4 at Portland Housing Bureau, 421 S.W. Sixth Ave. in Portland. Click here for more information.