Bridge Housing Corporation has been selected to develop at least 200 units of affordable housing on SW River ParkwayRead More…
421 SW 6th Avenue, Suite 500, Portland, OR 97204
Bridge Housing Corporation has been selected to develop at least 200 units of affordable housing on SW River Parkway
The Portland Development Commission (PDC) and the Portland Housing Bureau (PHB) have selected the team of Bridge Housing Corporation/Williams & Dame for the development of RiverPlace Parcel 3 in the North Macadam Urban Renewal area, a 2.01-acre site at 2095 SW River Parkway.
PDC and PHB issued a Request for Proposals in April 2015 for the redevelopment of the parcel. The RFP required a minimum of 200 units of affordable housing at 0-60 percent median family income. The RFP generated three responses, which were then reviewed by an evaluation committee composed of staff from PDC, PHB, and the City of Portland, as well as local stakeholders and affordable housing community representatives.
The Bridge Housing proposal included 203 units of affordable housing as well as 162 market rate housing units, 238 parking stalls, and 30,000 square feet of ground-floor retail. As many as 90 housing units will be affordable to households earning less than 30 percent of the Median Family Income ($24,250 or below for a family of four), thanks to a commitment from Home Forward to dedicate 80 rent assistance vouchers to the project, including 10 for homeless veterans.
“We are very happy to be moving forward with Bridge to bring such a significant amount of deeply affordable housing to one of our most amenity-rich areas,” said Commissioner Dan Saltzman, who oversees PHB. “We are especially excited about the mix of two- and three-bedroom units proposed by the Bridge team, which will allow more children and families to benefit from the great livability and opportunities of the South Waterfront.”
PDC Executive Director Patrick Quinton said, “To have Bridge Housing Corporation pursue this opportunity, with its long history of affordable housing projects on the West Coast, speaks to the overall strength of the Portland market and South Waterfront in particular. I am confident this project will add to the vibrancy and energy of this area.”
PDC, PHB and the Bridge Housing team will now enter into a due diligence and negotiation phase, with the goal of reaching a purchase and sale agreement on the property. The total project cost is estimated at $93 million, with at least $19 million of that coming from urban renewal funds.
Miracles Central breaks ground in Northeast Portland.
Close to 80 people gathered in Northeast Portland Tuesday afternoon to celebrate the groundbreaking of the Miracles Central Apartment building. The collaboration between the Portland Housing Bureau, Central City Concern, and the Miracles Club will provide affordable housing combined with services for adults who wish to live in an alcohol and drug-free building. The model is based on the Miracles Club Apartments, a similar building on NE Martin Luther King Jr. Blvd, specializing in culturally competent recovery support for the African American community.
“The stability that comes with an affordable home is key for people who are committed to recovery and who are working toward a new start,” said Commissioner Dan Saltzman, who oversees the Portland Housing Bureau. “This project helps us bring affordable housing and critical services back into this community. The City is proud to offer its partnership and support.”
Michael Booker, Interim Executive Director of The Miracles Club said, “With this building, somebody will get a chance to get their first apartment, get a chance to stand on their own two feet, do their recovery and be accountable.”
With an expected completion date of July 2016, the Miracles Central Apartments will consist of 47 units of affordable housing, including 28 apartments affordable to lower-income households earning up to 50% of the area median income ($25,750 for an individual). Central City Concern and Miracles Club will use the building’s ground floor for program-related services, including meetings and counseling. On-site staff will help tenants with life-skills, employment readiness, and eviction prevention, and work closely with tenants to develop action plans that may include steps like workforce development or education.
The Portland Housing Bureau dedicated $7.1 million in capital funding toward plus the land. Other major funders include Oregon Housing & Community Services, National Equity Fund and JP Morgan Chase. Also contributing to the project are Banner Bank, The Collins Foundation, Downtown Development Group, Federal Home Loan Bank of Des Moines, Legacy Health Systems, Mitzvah Fund of the Oregon Community Foundation, Providence Health & Services, UnitedHealthcare, and USI Northwest.
Multicultural Development Group is the project developer with Guardian Real Estate Services LLC leading the project, Carleton Hart Architecture is the lead architect and LMC Construction is the general contractor.
Commissioner Dan Saltzman and the Portland Housing Bureau have announced the appointment of six new members to the Portland Housing Advisory Commission (PHAC). The volunteer public body is charged with advising the bureau, the Housing Commissioner, and Portland City Council on housing and homelessness policy, strategy and resource issues, as well as promoting improvements within the bureau and the larger housing system, highlighting opportunities for influence, and providing a forum for public input on housing issues.
The new additions to the commission include: Maxine Fitzpatrick, Executive Director/CEO of Portland Community Reinvestment Initiative, Inc.; Stephen Green, Assistant Vice-President & Market Manager at Albina Community Bank; Nate McCoy, Executive Director of the National Association of Minority Contractors—Oregon; Betty Dominguez, Director of Policy & Equity for Home Forward; Daniel Steffey, Affordable Housing Development Professional; And Cobi Jackson, Vice President and Community Development Officer for Oregon and Southwest Washington for Wells Fargo Bank.
“On behalf of the Housing Bureau and City Council, I’d like to welcome our new commissioners to PHAC. We deeply appreciate the willingness of these volunteers to serve,” said Commissioner Dan Saltzman, who oversees the Portland Housing Bureau. “PHAC’s members bring expertise from all parts of the housing system to the discussions that move housing policy in our city. This diversity of experience and perspectives is a tremendous asset to us as we develop programs and policies to serve the people of Portland.”
For more information on the Portland Housing Advisory Commission, click here.
PHAC welcomes the public to attend meetings, give testimony, or submit feedback. Meeting schedules, agendas, minutes, and other materials are available online here.
Kurt Creager will take over as Housing Bureau director in August.
“Kurt Creager is a proven leader in both the private and public sector in the field of affordable housing,” stated Saltzman. “He brings substantial policy and resource development experience, as well as a proven track record of the development of thousands of units of affordable housing.”
Creager’s appointment follows a national recruitment to fill the position. Commissioner Saltzman and his team, bureau employees, representatives from partner organizations and community members were part of the selection process.
Commissioner Saltzman sought a Director with strong leadership skills, experience in affordable housing policy and resource development, public and private sector experience, management and a commitment to equity. “Kurt brings a creative approach and skill-set Portland needs to increase our supply of affordable housing.”
Kurt has served as the Director of Housing and Community Development in Fairfax County, Virginia; the Director of Housing and Community Development for Otak, a Portland-based design firm; and the Chief Executive Officer of the Vancouver Housing Authority in Vancouver, WA. He held similar positions previously with Arizona State University and Metro King County.
Creager earned a B.S. in Environmental Planning & Architectural Graphics from Western Washington University and completed the Kennedy School of Government State & Local Public Executive Program at Harvard University.
“I am honored to be leading the Portland Housing Bureau,” said Kurt Creager. “I look forward to aiding community stakeholders, affordable housing developers and policy makers in the creation and preservation of affordable housing throughout the City.”
He will assume his duties on August 10, 2015.
Portland City Council voted this afternoon to support the creation of new incentives for affordable housing construction. Under the new incentive program, developers seeking to build to the maximum density currently allowed in the Central City would provide affordable housing within their project, or pay into a fund for the creation and preservation of affordable housing.
“Too often, we have to make tough decisions about how to slice the pie with our limited public dollars,” said Commissioner Dan Saltzman, who oversees the Portland Housing Bureau. “We have an opportunity now to expand the pie by bringing the private development community to the table to be part of the solution to our affordable housing crisis."
An incentive bonus system allows for additional square feet in a development project that provides a public benefit.
“Portland has been missing a major tool in our toolbox. This is a best practice that many other major cities employ to develop affordable housing,” Saltzman said.
Last year, City Council charged the Portland Housing Bureau (PHB) and the Bureau of Planning and Sustainability (BPS) to develop new zoning recommendations to better incentivize affordable housing development. To earn up to the maximum 3:1 floor-to-area ratio bonus, developers must either construct units on-site as part of a project that are affordable to households at 80 percent of the median family income (currently $58,800 for a family of four), and maintain the affordability of those units for 60 years, or pay into a public benefit fund for the production and preservation of housing affordable to households below 60 percent of the median family income (currently $44,100 for a family of four).
Based on average levels of development activity in the Central City, the bonus could result in as many as 60 additional units per year, or $120-200 million for affordable housing development and rehabilitation over 20 years.
Following today’s hearing, BPS staff will work with project and public stakeholders to propose changes to the zoning code. Final decision-making and recommendations will be made in public forums as part of the overall Central City 2035 planning process, outlined below:
“Access to good jobs, transportation options, and strong schools are the building blocks for family success,” Saltzman said. “By creating more affordable housing in our most amenity-rich areas, we're committing to a better, more prosperous future for the people of Portland.”