PCRI Partners with Housing Bureau for Homeownership Opportunity

April 15, 2016 · PCRI

PPFlier_Final_ColorWould you like to be able to buy a home in North/Northeast Portland? PCRI is developing new homes for sale to qualifying first-time buyers and is partnering with the Portland Housing Bureau to make homeownership affordable and available to longtime residents of North and Northeast Portland. Portland Housing Bureau’s applications for this opportunity will be available beginning April 18, 2016 but must be completed and returned between May 2, 2016 – May 13, 2016.

Families who experienced or are now facing involuntary displacement from their historic neighborhood will be able to apply to receive preference for financial assistance to purchase a home via a policy developed by Portland Housing Bureau. Applications and additional information about the opportunities available and the preference policy are available on Portland Housing Bureau’s website, at PCRI and at other designated application sites.

As part of our Pathway 1000 Initiative to mitigate and prevent involuntary displacement, PCRI is developing these new homes for first time buyers beginning in 2016. These homes will include family-size single family homes, row homes and other types of housing. Families who purchase these homes can receive the full benefit of their homes’ equity and appreciation. Repayment of certain down payment assistance programs may be required; PCRI can help buyers understand all the opportunities and restrictions. More information on PCRI’s homeownership initiative can be found HERE.

More information about the Housing Bureau’s program and application is available online at www.portlandoregon.gov/phb and at PCRI. If you have any questions or would like to request printed copies of materials, call or visit PCRI or contact Jacquelyn Giordano at Portland Housing Bureau at 503-823-4100.

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