- Programs + Services
- Beatrice Morrow
Community members, neighbors, partners and others joined PCRI for an open house to see PCRI’s newest affordable rental homes and enjoy food from local businesses Tamale Boy, Portland Prime and Cupcake Jones. The June 14 event celebrated completion of construction of six three-bedroom, townhouse-style rental homes intended to help mitigate and prevent displacement in Northeast Portland’s rapidly changing neighborhoods.
Families on PCRI’s affordable housing waiting list who were displaced or are at risk of displacement from North and Northeast Portland will receive priority to rent the homes using a “Right to Return” policy developed by PCRI to mitigate involuntary displacement. The homes will be reserved for rent by families earning up to 50-60% of Area Median Income (income thresholds vary by unit) and will rent for $955 to $1,146 per month.
Designed by eM|Zed Architecture and built by Colas Construction, these homes will ensure durability, health and affordability for resident families for years to come. Thanks to a grant from the Portland Bureau of Planning and Sustainability, the existing home at the site which was not suitable for rehabilitation was deconstructed, helping to prevent valuable building material from becoming landfill. Financing for the development and construction was provided by Portland Housing Bureau and Pacific Continental Bank, with additional incentives and grant funding from Energy Trust of Oregon and NW Natural.
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Portland Community Reinvestment Initiatives Inc.
6329 NE Martin Luther King Jr. Blvd. Portland, OR 97211
Tel: (503) 288-2923 Fax: (503) 288-2891
PCRI is a 501(c)(3) non-profit community development organization providing affordable rental housing to low-income families, primarily in North and Northeast Portland. Since 1992, PCRI's vision has been to provide affordable housing and associated services that achieve family stability, self-sufficiency and wealth creation.