PCRI, Partners Break Ground for Homeownership

March 5, 2018 · by pcriadmin · Featured, Pathway 1000, PCRI

Team members break ground with golden shovels. From L-R: Travis Phillips and Maxine Fitzpatrick, PCRI; Dennis Harris, Albina Construction; Brett Schulz, Brett Schulz Architect.

On February 27, PCRI hosted a crowd of future and past home buyers, community members, media, and partners for a groundbreaking celebration at the site of new townhomes for first-time homebuyers. The to-be-constructed homes are part of PCRI’s Pathway 1000 Initiative, which aims to develop 1,000 new homes for rent and for sale during the next 10 years.

“The goal is to help people displaced by gentrification move back into the neighborhood,” relayed Ken Boddie of KOIN 6 news. Check out his coverage of the event below and in his Where We Live feature.

Four new homes for sale to low- and moderate-income first-time buyers will be developed on the site. The completed homes will be prioritized for families displaced from North and Northeast Portland and families at risk of displacement.

“PCRI was formed as, and continues to be, a solution to involuntary displacement. This project will help ensure everyone can experience the stability, safety and dignity that a home provides,” said Maxine Fitzpatrick, Executive Director of PCRI.

Construction is expected to begin in April 2018, and is anticipated to be complete in early fall 2018. Other developments planned to begin construction later in the year will provide additional opportunities for families to build intergenerational assets through homeownership. Down payment assistance for the future homeowners will be provided by the City of Portland Housing Bureau as part of its N/NE Neighborhood Housing Strategy.

Additional project partners include Albina Construction, Brett Schulz Architect, Beneficial State Bank, Wells Fargo Housing Foundation, and Meyer Memorial Trust.

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