421 SW 6th Avenue, Suite 500, Portland, OR 97204
City Awards Opportunity Fund to
Portland Habilitation Center for East Portland Housing Development
The Portland Housing Bureau (PHB) is pleased to announce the award of $749,000 from its Opportunity Fund for the development of a 33-unit affordable family-sized housing project in East Portland to be developed by the Portland Habilitation Center at a total estimated cost of $4.2 million.
The Opportunity Fund was created in 2014 in order to invest in projects that utilize strategies to reduce the costs of developing affordable housing, and provide a flexible funding mechanism.
“We are proud to partner with the Portland Habilitation Center in ensuring that more East Portland school children will have a safe, stable place to call home,” said City of Portland Housing Commissioner Dan Saltzman. “This model benefits taxpayers by providing affordable units at a lower cost of production. It is a way of doing business we will continue to replicate in the future.”
The project site at SE 143rd and Burnside sits between four school districts (David Douglas, Parkrose, Reynolds, and Centennial), where 75% of the 30,000 students are low-income and 60% are from communities of color. The project will serve low-income families with children attending East Portland school districts and will add to the Portland Habilitation Center’s portfolio of 600 affordable rentals in the area.
“This support from the City will allow us to build more housing and further our work to meet the needs of the families in East Portland,” says Deb Houston, Interim CEO of the Portland Habilitation Center. In addition to housing, they plan to include a community room where they hope to offer wrap-around services, such as tutoring and budgeting classes. “These are our hopes and dreams,” Houston says. “The Opportunity Fund award helps us accomplish some of that.” Houston adds that the more nimble funding process allowed them to take advantage of opportunities that will help control project costs.
The development team also includes Home First Development, Jivanjee Circosta Architecture, and SILCO Commercial Construction.