PCRI Unveils Newest Affordable Rental Home

December 12, 2014 · by pcriadmin · Featured, PCRI

IMG_4240On Friday, December 12, PCRI welcomed partners and community members to its newest affordable rental home. The new home in Northeast Portland’s Concordia neighborhood is part of a PCRI initiative to enable involuntarily displaced residents of the community to return to neighborhoods they would otherwise be priced out of.

The new home features four bedrooms and two baths. A main floor bedroom and bathroom, as well as all living spaces, are accessible to a resident with mobility impairments. Upstairs, three additional bedrooms and a full bathroom provide space for a larger or extended family.

When PCRI determined that it wasn’t practical to rehabilitate the affordable rental home which was previously at this location, we looked to replace it with a new home that was not only affordable and practical, but also healthy and efficient. The new rental home is part of a larger strategy by PCRI to ensure and expand the availability of affordable rental housing in neighborhoods where community resources are robust, schools are easily accessible, and transit services are frequent and readily available. This home and future developments coming soon aim to mitigate–and when possible, prevent–the forced displacement of long-term residents due to rising rents and gentrification.

IMG_2135As with other homes rehabilitated or newly constructed by PCRI and our contractor partners, this home will benefit from finishes, cabinetry and flooring chosen because for good looks and durability as well as their absence of unhealthy chemicals used in production and finishing. The durable and highly efficient design will not only help the home earn Earth Advantage Platinum certification, but will also help ensure low maintenance and utility costs for PCRI and the home’s residents.

This new construction project, built by Albina Construction, also provides good paying construction jobs for historically underutilized firms. Construction work performed by certified minority-owned, women-owned and emerging small businesses (MWESBs) exceeded 87% of all contracts, based on percentage of overall construction costs. In addition, approximately two-thirds off all work was performed by Section 3 certified workers and businesses, ensuring the economic opportunities of construction benefits low-income residents.

Funding for this project has been provided by Portland Housing Bureau, the U. S. Department of Housing and Urban Development (HUD), equity invested by PCRI, and the use of energy-efficiency incentives and planning grants from the Energy Trust of Oregon. Volunteer crews also helped install low-maintenance, drought-tolerant landscaping to minimize water use and maximize the home’s beauty.

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