Pathway 1000 Awarded ‘Innovator’ Honors

September 10, 2018 · by Travis Phillips · Awards, Featured, Pathway 1000, PCRI

PCRI’s Pathway 1000 initiative earned Bank of America’s Innovator Award at the 2018 Housing Oregon Conference. Bank of America’s Sindy Spivak presented the award to Executive Director Maxine Fitzpatrick at the September 7, 2018 conference.

Sindy Spivak of Bank of America (left) presents the Innovator Award check to PCRI’s Maxine Fitzpatrick and Travis Phillips (center) with Housing Oregon Director Brian Hoop (right).

The Innovator Award recognizes the replicability and opportunity Pathway 1000 achieves by addressing generational poverty, mitigating displacement and combatting historic inequities.

“We are really excited to say that we are awarding this year’s Innovator Award to PCRI’s Pathway 1000 project.  It is an exciting, innovative and replicable model to address historic equity issues with a pragmatic achievable plan for homes,” said Jan Laskey, Senior Vice President, NW Community Development Banking at Bank of America Merrill Lynch.

Along with the award’s recognition, Bank of America presented PCRI with a $2,500 grant, which PCRI will use to offset closing costs for 25 new homebuyers.

“We are honored to have this distinction,” said Fitzpatrick. “More importantly – twenty-five new home owners will benefit from this grant.”

Pathway 1000 sets an ambitious goal to develop 1,000 new homes over the course of 10 years. The new homes, including units for rent and for ownership, will be prioritized for families displaced or at risk of displacement from North and inner Northeast Portland. Eighty new homes at the Beatrice Morrow Cannady building will be complete in September, 2018. Nearly 100 additional homes are currently under construction or in final stages of development and permitting.

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