Selected proposals include rental and homeownership development projects.Read More…
421 SW 6th Avenue, Suite 500, Portland, OR 97204
Selected proposals include rental and homeownership development projects.
Portland, OR – The Portland Housing Bureau (PHB) has announced $11.1 million in funding decisions for affordable rental and homeownership developments in the Interstate Corridor Urban Renewal Area. Together, the selected projects will create 125 new housing units, including 21 units for households earning 30 percent or less of the area median income ($22,000 a year for a family of four in 2016), and more than 50 affordable homeownership opportunities.
Households displaced from N/NE Portland, or those who are at risk of displacement now, will be prioritized for these units through the housing bureau’s preference policy.
“This slate of projects furthers our commitment to the North/Northeast Portland community and takes another step toward redressing the actions that denied housing opportunity to many who called these neighborhoods home,” said Mayor Ted Wheeler, who oversees the Portland Housing Bureau. “I’m grateful to the esteemed members of the evaluation committee who gave their time, expertise, and thoughtfulness to this process in service to that vision.”
The committee members were:
Dr. Steven Holt – Chair, N/NE Oversight Committee
Jillian Saurage – N/NE Oversight Committee
Devin Culbertson – Senior Program Director, Enterprise
Whit Spencer – Director of Finance Analysis, Enterprise
Jordan Winkler – Developer, Winkler Companies
Ben Wood – Developer, Mainland Companies
The bureau released a Notice of Funding Availability (NOFA) for Interstate Corridor Urban Renewal Area funds on January 23, 2017, with funding available for both rental and ownership housing proposals. The solicitation also made available a PHB-owned property at 5020 N. Interstate Avenue for condominium development. PHB received six proposals for the rental housing funds and one proposal each for the ownership housing funds. The final project selections are as follows:
Rental Housing – Funded
Project: Magnolia 2; Developer: Innovative Housing Inc. (IHI); Units: 50
The project at 3250 NE Martin Luther King Jr. Blvd will be an extension of IHI’s existing Magnolia Apartments (also funded in part by PHB). Thirty-three of the 50 units will be sized to accommodate families, at two and three bedrooms. The project will also include indoor and outdoor play areas, and a “maker space” for residents to work on small projects (assembling or refinishing furniture, potting plants, painting, etc.). Resident services will focus on supporting employment training in the trade fields.
Project: New Meadows; Developer: Bridge Meadows; Units: 15
New Meadows will be developed on property nearly adjacent to the Bridge Meadows apartment community (also funded in part by PHB) and will serve youth transitioning out of foster care. Programming will assist these youth, ages 17-25, with life skills development, including money management, employment assistance, and parenting skills. Operations costs will be supported by an anonymous donor. As such, all rents will be regulated at 0-30% AMI, and residents will pay only what they can afford.
“Scattered Site” Homeownership – Funded
Developer: Habitat for Humanity; Units: 12
The project will be comprised of two six-plex three-story buildings. Each unit will have three bedrooms. New homeowners will be required to contribute 300 “sweat equity” hours, working side by side with volunteers to build their neighbors’ homes and their own. Buyers will have a 1% down payment, and mortgages will be set at no more than 30% of the homeowner’s gross monthly income.
5020 N. Interstate Ave. Homeownership – Sponsor Selected for Exclusive Right to Negotiate
Project: 5020 Condos; Developer: Proud Ground and Habitat for Humanity; Units: 48
5020 Condos will be a mixed-use development, with 48 homeownership units and 2,400 square feet of commercial space, to be developed on a PHB-owned site at 5020 N. Interstate Ave. Forty of the condominiums will be made available to households earning 100% AMI or less ($73,300 a year for a family of four in 2016). The remaining eight one-bedroom condominiums will be sold at market prices to help “cross-subsidize” the project. Discussions are underway between PHB and the project sponsors to hone details of the proposal before a final award is made.
“Many capable nonprofit developers proposed competitive projects that are worthy of support, and deserve further consideration as additional funding becomes available,” said PHB Director Kurt Creager. “We’re pleased to be moving forward with a mix of projects that provides a range of housing options to meet the diverse needs of the community.”
Mayor Ted Wheeler and the Portland City Council have appointed five independent community members to oversee the expenditure of the City’s first general obligation affordable housing bond. The $258.4 million bond, approved by voters in November 2016, will allow the City to build and preserve an additional 1,300 units of affordable housing.
Bond Oversight Committee (BOC) members:
• Stephen Green, entrepreneur/community member, appointed by Mayor Wheeler
• Susan Emmons, housing advocate, appointed by Commissioner Fritz
• Jes Larson, Welcome Home Coalition, appointed by Commissioner Saltzman
• Allan Lazo, Fair Housing Council of Oregon, appointed by Commissioner Eudaly
• Todd Struble, Asian Pacific American Network of Oregon, appointed by Commissioner Fish
The members of the Bond Oversight Committee will serve five-year, renewable terms. Learn more about the individual members here. The committee is expected to begin meeting in late Spring, following a public process to develop a framework for implementation. The committee will oversee the financial, fiduciary, and compliance responsibilities related to bond funds.
For more information on the committee and the Affordable Housing Bond, visit www.portlandoregon.gov/phb/bond
Monday, April 17 from 10:00 am - 1:00 pm
Portland Housing Bureau
421 SW 6th Ave, Suite 500
Portland, OR 97204
The Portland Housing Bureau is convening a Stakeholder Advisory Group (SAG) for the Affordable Housing Bond. In November 2016, Portland voters approved a historic general obligation bond for $258.4 million to fund the development and preservation of affordable housing.
The SAG will convene for seven meetings over the next five months to provide information, ideas, and recommendations to guide the development of a framework plan for the use of bond funds. The first meeting is scheduled for Monday, April 17, 2017 from 10:00 am - 1:00 pm.
These meetings are open to the public and public testimony is invited. The agenda, schedule, and meeting materials are available online here.
Request to receive email notifications about upcoming meetings and related updates by sending an email to email@example.com
On Tuesday, April 4, the Portland Housing Advisory Commission (PHAC), the advisory group to the Portland Housing Bureau (PHB), will hold a public hearing to discuss five applications being considered for the Multiple-Unit Limited Tax Exemption (MULTE) Program.
The first application comes from the Portland nonprofit Rose Community Development Corporation for a 64-unit housing development on SE 91st Avenue at SE Reedway Street in the Lents neighborhood. If approved for a MULTE tax exemption, 16 of these units will be made affordable to households earning no more than 60% of Area Median Income. This development is also receiving direct funding from PHB.
The second application being considered comes from Portland-based Guerrilla Development for an 88-unit development on NE Sandy and 25th Avenue in Northeast Portland. If approved, 18 of these units will be made affordable to households earning no more than 80% of Area Median Income.
The third application comes from Portland-based Gerding Edlen for a 133-unit development in Old Town/China Town on SW Ash Street and 3rd Avenue. If approved, 27 of these units will be made affordable to households earning no more than 80% of Area Median Income.
The fourth application comes from Portland's Guardian Development for a 167-unit development, also in Old Town/China Town, on NW Couch Street between NW 4th & 5th Avenues. If approved, 34 of these units will be made affordable to households earning no more than 80% of Area Median Income.
The fifth application comes from Portland-based BDC Advisors for a 73-unit development planned for SW Park Avenue and Columbia Street in Southwest Portland’s Park Blocks. If approved, 24 of these units will be made affordable to households earning no more than 80% of Area Median Income
Tax exemption programs such as the MULTE encourage the inclusion of affordable housing and other public benefits in new residential developments. PHB can approve up to $3 million in new tax exemptions each year.
The hearing will take place Tuesday, April 4 during the monthly PHAC meeting, held from 3:00 – 5:00 pm at the Portland Housing Bureau offices, located at 421 SW 6th Ave, Suite 500 in Downtown Portland.
A statement from the Portland Housing Bureau
The Rental Rehabilitation Program, first submitted to City Council by the Portland Housing Bureau (PHB) as a budget request in FY 16-17, was developed in response to a community-identified need for investments in safe, quality affordable housing in East Portland, where the deteriorating rental housing poses a health and safety risk for many low-income Portlanders, reduces the quality of life in their neighborhoods, and exacerbates the threat of involuntary displacement among vulnerable households. The proposal brought forward on behalf of the community advocated specifically for investments in shell repairs, water damage, organic growth in units, and energy efficiency improvements in existing affordable housing to address conditions they described as “dire.”
Through rigorous market and demographic analysis conducted by PHB in the annual State of Housing in Portland Report, we know that East Portland is home to the bulk of our city’s minority, low-income, and foreign-born residents. Beyond that, the 2016 report showed that East Portland neighborhoods are seeing some of the city’s steepest increases in rents and housing prices.
PHB is committed to policy and program development that is responsive to the community and grounded in data. As we move forward with investments in programs to stabilize vulnerable residents in East Portland, and improve the safety and livability of the affordable housing stock in those neighborhoods, PHB recognizes the importance of assessing housing quality issues with the same rigorous data sourcing and careful analysis as our housing market and demographic data. PHB will therefore supply an analysis that builds on and updates the housing stock data provided by the Bureau of Planning and Sustainability 2009 Portland Plan Background report on Housing Supply. This analysis will assess the existing supply of housing units and inventory both the absolute number of units as well as their physical characteristics including type, age, size, and condition. The inventory will be based on American Community Survey (ACS) data, the American Housing Survey, and other City data on permits and weatherization. Peer review will be employed to ensure quality and continuity with other City Data sources. The Bureau of Planning and Sustainability, Bureau of Development Services and Portland State University faculty will be asked to serve in this capacity to ensure robust accountability.