Portland's Housing Bond January NewsletterRead More…
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Portland Housing Bureau (PHB) helped celebrate the grant opening of Kehillah Housing yesterday, less than one year from its groundbreaking.
The Housing Bureau invested $275,000 in this Cedar Sinai Park project that provides 14 affordable homes for adults with developmental disabilities.
Our investment funded on-site infrastructure, which filled the financing gap for this much needed development. The City’s directly invested funding has a 12-1 leverage.
Kehillah Housing complied with PHB’s Green Building Requirements for sustainability and durability. In addition, the project is targeting Earth Advantage Gold Certification, which exceeds PHB requirements of silver.
This project also exceeded PHB’s requirement of participation by 20 percent minority, women and emerging small business (MWESB) subcontractors. The project hit 36% MWESB participation.
Speakers at the event included Housing Commissioner Dan Saltzman, Patrick Shea from the U.S. Department of Housing and Urban Development and Rabbi Abby Cohen, Director of Spiritual Life, Cedar Sinai Park.
Congratulations to our partners at Cedar Sinai Park on this achievement!