The City was proud to join ROSE CDC, in the grand opening of Greenview Terrace yesterday.
The City invested nearly $3 million in HOME Funds and partnered with Oregon Housing and Community Services and Network for Oregon Affordable Housing (NOAH).
In his remarks, Commissioner Dan Saltzman shared his views on how bringing 31 affordable units to low-income earning families in East Portland is the City’s idea of a sound investment.
Greenview Terrace is at a transit hub, only six blocks from the MAX and the 20 bus line right outside. These allow residents access to living wage jobs, high performing schools, fresh and healthy foods and all the opportunities that our city provides.
The Portland Housing Bureau utilized the HUD Section 3 Program, which creates contracting opportunities for low- and very-low income people and businesses from our local community.
Greenview Terrace met and exceeded its Section 3 goals. This project set goals to work with 30 percent of new hires and 10 percent of existing contractors who are low-income earners from the local community. The actual numbers are 88.89 percent for new hires and 21.44 for existing contractors.
Portland Housing Bureau also exceeded its 20 percent goal for minority, women and emerging small businesses contracting on projects we invest in. We achieved 29 percent participation for the total construction contract.
The rehab to this building focused on green energy upgrades to improve efficiency and reduce costs for both residents and owners.
Because of the Lead Hazard Reduction Demonstration grant awarded to the City of Portland by the HUD Office of Healthy Homes and Lead Hazard Control, we invested $180,000 to address lead hazards at Greenview Terrace. Those resources allowed us to protect 36 children from the harmful effects of lead poisoning, which can cause permanent learning and behavior problems.