421 SW 6th Avenue, Suite 500, Portland, OR 97204
The project is a $20 million financing initiative in North/Northeast Portland over the next five years. The effort is focused in the Interstate Corridor Urban Renewal Area in response to the community’s well documented need for affordable housing and other investments in neighborhoods most impacted by displacement.
While the funds, along with those previously budgeted and programmed, will mostly be used to invest in buildings, the process for determining how and where to spend the money provides an opportunity to engage community members in ways that begin to address a long history of institutional racism and displacement of residents and businesses. (more)
Community input will help shape the strategy. During Summer/Fall of 2014, Portland Housing Bureau (PHB) and community stakeholders will design a set of recommendations for prioritizing investment of these housing resources, that begins to address affordable housing needs.