Archive for the ‘Pathway 1000’ Category

February 1, 2018 · by pcriadmin · Featured, Pathway 1000, PCRI

PCRI’s Homeownership Education and Counseling program assists low- to moderate-income first-time buyers in creating a successful homeownership plan. Twice-monthly orientations are the first step to enroll in our program and start on the path to becoming a homeowner. Register HERE.

One-on-one counseling is part of the program and is designed to help buyers overcome obstacles that would prevent affordable mortgage financing. We analyze financial and credit situations, identify barriers, and develop a plan to remove these barriers. We also work to assist participants with debt-load management by preparing a manageable monthly budget plan.

We invite you to enroll in an orientation and get started!

When: the first Wednesday of each month at 1 p.m. and the third Wednesday at 6 p.m.

Where: PCRI Annex, 6601 NE Martin Luther King Jr. Blvd.
(two blocks north of PCRI’s main office)

Visit the PCRI Homeownership page on Eventbrite to view available times and register for an orientation.

January 26, 2018 · by pcriadmin · New Construction, Pathway 1000

PCRI invites the community to join us, Albina Construction, Brett Schulz Architect and other partners on February 27 to break ground on the first homes for purchase by first-time homebuyers as part of our Pathway 1000 Initiative.

Four new townhomes will be built in a prime location of North Portland, the first of many homeownership developments in PCRI’s Pathway 1000 Initiative. These new homes, for sale to low- and moderate-income first-time buyers will be prioritized for families displaced from North and Northeast Portland and families at risk of displacement.

For more information about the groundbreaking event or to RSVP for the event, email us HERE.

“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.

Four new 2- and 3-bedroom townhomes, certified to meet Earth Advantage green building standards, will be developed on the site. The homes will be two and three stories (for 2- and 3-bedroom sizes, respectively) and have been designed to fit with existing neighborhood scale. Front, rear and side yards and walkways help ensure reasonable separation from neighboring homes and maintain the scale and feel of the neighborhood. A condo association for the completed homes will maintain the building’s exterior and landscaping.

Construction will begin in February 2018, and is anticipated to be complete in late summer or early fall 2018. Other developments planned to begin construction in summer 2018 will provide additional opportunities for families to build intergenerational assets through homeownership.

“To be owning a home, to be investing in our own personal asset and someday pass it on to our daughter, it’s a great feeling,” said Genté Shaw, a PCRI client and first-generation homeowner.

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.

The development team is being led by PCRI. In conjunction with the National Association of Minority Contractors – Oregon and Minority Contractor Improvement Partnership (MCIP), PCRI selected Albina Construction to build the new homes due to their deep roots in N/NE Portland and their commitment to opportunity for local and minority subcontractors and workforce. Albina Construction owners Dennis Harris and Caitlin MacKenzie are pictured above. Additional project partners include Brett Schulz Architect, Beneficial State Bank, Wells Fargo Housing Foundation, and Meyer Memorial Trust.

January 22, 2018 · by pcriadmin · Featured, Pathway 1000

african-american-couple-buying-home1-2PCRI will host a informational event on March 3, 2018 for its Pathway 1000 Initiative. At the event, families and individuals can learn about homeownership and other opportunities available as part of the initiative, as well as more information about the initiative and its goal of ending involuntary displacement.

The event will be held at Portland Community College’s Workforce Training Center at 5600 NE 42nd Avenue (at Killingsworth) on March 3, 2018, from 10:00 a.m. to 1:00 p.m. Refreshments will be provided; RSVPs are requested, but not required. Questions can be sent to PCRI via email.

Pathway 1000 is a displacement mitigation initiative created by PCRI and informed through community outreach and feedback. In addition to mitigating displacement, the initiative Arika and Jenniferaims to reclaim the historic heart and soul of Portland’s African American community, building prosperity for African Americans and others displaced from North and Northeast Portland through the development of 1,000 new affordable homes during the next decade. This development will create hundreds of living-wage jobs, business growth and additional development opportunity throughout the duration of the 10-year initiative.

In addition to individuals and families interested in learning about homeownership opportunity, industry professionals are encouraged to attend to learn more about how their organization or business can participate in the initiative. Attorneys, architects, finance professionals, contractors and others are invited to join in the Pathway 1000 initiative.

October 16, 2017 · by pcriadmin · Featured, Pathway 1000

PCRI hosted a Charity of the Day event at Oregon Public House all day Tuesday, November 14, 2017. To celebrate the launch of the Pathway 1000 Initiative, PCRI hosted a Pathway 1000 happy hour celebration with drinks and entertainment in the OPH’s Village Ballroom, just upstairs. Oregon Public House and the Village Ballroom are located at 700 NE Dekum Street, just a few blocks from PCRI’s office.

Oregon Public House donated to PCRI a portion of the pub’s food and drink sales to benefit the Initiative.

PCRI’s Pathway 1000 launch celebration in the ballroom included live music and spoken word by local artists, with wine and beer for sale. 100% of the drinks sold in the ballroom benefitted PCRI and our Pathway 1000 Initiative.

May 16, 2017 · by pcriadmin · Featured, Pathway 1000, Uncategorized

Thanks to a grant from the Wells Fargo Housing Foundation announced May 15, Portland Community Reinvestment Initiatives will have additional resources to meet the needs of a rapidly-growing homeownership education program. The grant will help support increased attendance in PCRI’s program as well as new program orientation sessions and post-purchase support.

PCRI Executive Director Maxine Fitzpatrick (2nd from left) accepts a grant from local Wells Fargo executives, left to right: Andrew Tweedie, Community Affairs officer; Tracy Curtis, Regional President; and Cobi Lewis, Community Development officer. PCRI will use the $100,000 grant to build 22 affordable homes for sale to low-income buyers displaced from N/inner NE Portland

PCRI Executive Director Maxine Fitzpatrick (2nd from left) accepts a grant from local Wells Fargo executives in January 2017, left to right: Andrew Tweedie, Community Affairs officer; Tracy Curtis, Regional President; and Cobi Lewis, Community Development officer. PCRI will use the $100,000 grant to build 22 affordable homes for sale to low-income buyers displaced from N/inner NE Portland

PCRI has experienced a sharp increase in participation in its homeownership program in the last year and anticipates further increases in participation due to a recent Portland Housing Bureau initiative prioritizing first-time home buyer assistance for families with roots in North and Northeast Portland. Many prospective homeowners introduced to PCRI’s program through the PHB initiative have already begun working toward homeownership with PCRI’s support.

“Homeownership is the most effective way for most families to achieve and retain stability within their community,” said Andrea Debnam, PCRI’s Manager of Resident Services. “This grant will help PCRI clients realize their dreams and build assets through homeownership, breaking cycles of poverty.”

PCRI offers comprehensive and culturally specific resident services, including the homeownership education program, to residents and the larger community. PCRI also partners with industry professionals to deliver workshops and individual support focused on every aspect of home buying and ownership. After purchasing a home, PCRI remains connected to buyers, providing post-purchase support. In addition, PCRI provides homeownership retention and referral programs to help senior homeowners age in place and retain homes they currently own.

The homebuyer education program is a component of a larger PCRI initiative aimed to mitigate displacement and bridge minority homeownership gaps: Pathway 1000. The initiative aims to develop 1,000 new homes during the next 10 years, prioritized for residents involuntarily displaced or at risk of displacement from North and inner Northeast Portland. In addition to current rental projects under development, PCRI is developing more than 20 homes for purchase by first time buyers in the next two years. Wells Fargo Housing Foundation previously committed $100,000 in support for the homeownership initiative through its Priority Markets Program (grant presentation pictured above). In addition, down payment assistance totaling over $1.7 million is committed for these buyers by the City of Portland Housing Bureau.

Since 2004, PCRI has successfully provided culturally-specific homeownership education, counseling services, and financial assistance to low- and moderate-income residents living in PCRI housing and in the larger community. Interest in PCRI’s homeownership program has nearly doubled in the last year and, with increased development of homes for purchase associated with the Pathway 1000 initiative, attendance is expected to continue to increase. The Wells Fargo Housing Foundation grant will help PCRI meet increased service needs as well as develop new programs.

April 27, 2017 · by pcriadmin · Featured, Pathway 1000, PCRI, The Beatrice Morrow
PCRI Ground Breaking 040717_NH12039

PCRI and Mayor Wheeler celebrated groundbreaking of the Beatrice Morrow on April 7

On April 7, PCRI and Portland Housing Bureau welcomed Portland Mayor Ted Wheeler, city officials, nonprofit leaders, and business partners for a groundbreaking celebration. Named to honor Portland civil rights pioneer Beatrice Morrow Cannady, the 80-unit mixed-use commercial and residential building will be the first city-funded project to use Portland Housing Bureau’s Preference Policy to prioritize rental homes for previously-displaced residents.

Following the groundbreaking celebration, Ms. Morrow Cannady’s great grandson heard news of the development and reached out to PCRI to share his enthusiasm and appreciation.
“I can’t tell you how much this means to me and my daughters! Beatrice Morrow Cannady was my great grandmother and she has been a beacon of inspiration to our family for generations,” he said. “It wasn’t until I was in medical school that I began to learn of her contributions to our people and our nation. I have her law school diploma framed and hanging in my home office next to my medical school diploma!”

PCRI Ground Breaking 040717_NH12006The five-story building will be built along NE Martin Luther King Jr. Blvd between Cook and Ivy Streets. It includes 80 affordable rental homes for residents displaced from North and Northeast Portland. Forty-four of the 80 apartments will have two or more bedrooms. In addition to the apartments in the building’s upper floors, the ground floor will include over 6,000 square feet of commercial retail space as well as a large community room for use by the building’s residents and members of the neighborhood. Construction is anticipated to be complete in mid-2018 and all apartments are expected to be leased by the end of the year.

“This is an important opportunity to provide access to affordable family rental housing in a neighborhood that has experienced displacement and gentrification in the past several decades,” said Ms. Fitzpatrick. “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.”

Of the total project budget of $25 million, the city will loan the development $7.35 million in Interstate Urban Renewal Area funds and will grant the land to the project. In September 2015, the Portland Housing Bureau selected the team led by PCRI to develop and own the project through a competitive “Request for Qualifications” process. Other team members include Gerding Edlen, development partner for the project; Colas Construction, the project’s general contractor; and Carleton Hart Architects.

PCRI Ground Breaking 040717_NH12051

Andrew Colas, PHB Director Kurt Creager, Maxine Fitzpatrick and Commissioner Dan Saltzman at the groundbreaking

The development team has had a particular focus on creating equitable economic opportunity in the development of the project, including partnership with Colas Construction and Carleton Hart Architects, both minority-owned firms. Professional services contracted during the project’s design phase have been overwhelmingly focused on minority- and women-owned firms. In addition, Colas Construction anticipates at least 30-40% of the project’s construction will be performed by certified minority-owned, women-owned, and emerging small business firms.

“There was intentional gentrification and displacement of African Americans in our community,” Mayor Ted Wheeler said in a March 22 meeting where Portland City Council voted unanimously to approve city financing for the development. “This project… puts Portland in the unique position of being the first in the country to not only acknowledge that displacement as a result of gentrification, but it puts us in the unique position of seeking to reverse it.”

In addition to the Portland Housing Bureau, project partners include Oregon Housing and Community Services, U.S. Bank, Bellwether Enterprise Real Estate Capital, Home Forward, and Meyer Memorial Trust.

April 27, 2017 · by pcriadmin · Featured, Pathway 1000, PCRI
King + Parks Apartments. Rendering: Merryman Barnes Architects

King + Parks Apartments. Rendering: Merryman Barnes Architects

On April 7, the State of Oregon Housing Stability Council voted to approve Low Income Housing Tax Credits (LIHTC)  for PCRI’s King + Parks affordable rental housing development. The LIHTC commitment provides the equity investment that is a core piece of financing for the new 70-unit apartment community.

The PCRI-led team was chosen by Portland Housing Bureau in 2016 to develop the site at the corner of NE Martin Luther King Jr. Blvd. and Rosa Parks Way, less than a block from PCRI’s main office. The new construction development will include 70 apartments, 50 of which will have two or more bedrooms. All apartments will be restricted to serve households earning less than 60% of area median income (AMI, currently just under $44,000 for a family of four). Section 8 vouchers will provide rent assistance for 20 units reserved for families earning less than 30% AMI.

PCRI and its development team are beginning focused outreach to neighbors and community members to share details and gain feedback. The development is anticipated to submit for building permits in fall 2017 and to begin construction after the New Year.

King + Parks Apartments courtyard entrance. Rendering: Merryman Barnes Architects

King + Parks Apartments courtyard entrance. Rendering: Merryman Barnes Architects

In partnership with Merryman Barnes Architects, PCRI has developed initial designs for the property that include a U-shaped building surrounding a central courtyard (pictured below). The completed building will feature on-site management on its ground floor, along with a community room and secure bicycle storage. Off-street parking is envisioned along the west side of the property, accessed by the existing alley.

In alignment with goals of PCRI’s Pathway 1000 initiative to mitigate displacement, the apartments will utilize a geographic preference policy developed by Portland Housing Bureau to provide leasing priority for current and former residents of North and Northeast Portland who have been negatively impacted and/or displaced by prior public action and investment. For more information about the preference policy, visit the Portland Housing Bureau website.

Contracting and hiring opportunities for the development are intended to benefit local business, especially minority- and women-owned firms. For more information about the development or to stay informed about contracting or employment opportunities, please sign up for our mailing list (check the box for King + Parks for information specific to this project).

The project’s budget is currently estimated at approximately $24 million. LIHTC equity is preliminarily estimated at $12.8 million and private debt is estimated at $4.8 million. Formal details of the tax credit equity and private debt will be confirmed in a Request for Proposals to be issued in Summer 2017. Through a competitive application process, the City of Portland Housing Bureau (PHB) has reserved $4.5 million in Interstate Urban Renewal Area funds to loan to the project. PHB will also grant the land to the project.

February 8, 2017 · by pcriadmin · Featured, Pathway 1000, PCRI

Twenty-two low-income families displaced from North and Northeast Portland will be able to purchase a home in their former neighborhood, thanks in part to a $100,000 grant from Wells Fargo Housing Foundation to Portland Community Reinvestment Initiatives (PCRI).

PCRI Executive Director Maxine Fitzpatrick (2nd from left) accepts a grant from local Wells Fargo executives, left to right: Andrew Tweedie, Community Affairs officer; Tracy Curtis, Regional President; and Cobi Lewis, Community Development officer. PCRI will use the $100,000 grant to build 22 affordable homes for sale to low-income buyers displaced from N/inner NE Portland

PCRI Executive Director Maxine Fitzpatrick (2nd from left) accepts a grant from local Wells Fargo executives, left to right: Andrew Tweedie, Community Affairs officer; Tracy Curtis, Regional President; and Cobi Lewis, Community Development officer. PCRI will use the $100,000 grant to build 22 affordable homes for sale to low-income buyers displaced from N/inner NE Portland

PCRI will use the grant to help build 22 new homes in North and inner Northeast Portland for purchase by the families. Construction on the homes is expected to start later this year, with all 22 homes completed and sold to qualifying families by the end of 2018. PCRI is estimating the total construction budget will be close to $6 million.

“Helping a family become a homeowner is one of the most effective ways to help them overcome displacement from their historic neighborhoods,” said PCRI Executive Director Maxine Fitzpatrick. “This grant is an important tool to make homes available and affordable for families who want to return and stay in the neighborhoods they once called home.”

The Wells Fargo grant will make homeownership more affordable by helping offset PCRI’s development costs for new homes built on land it owns. The completed homes will be prioritized for sale to households who have been involuntarily displaced or are at risk of displacement from North and inner Northeast Portland.

Families purchasing the homes will receive support from PCRI’s HUD-certified homeownership education and financial education programs.

The 22 homes are part of a larger PCRI initiative: Pathway 1000. The initiative aims to develop 1,000 new homes during the next 10 years, prioritized for residents involuntarily displaced or at risk of displacement from North and inner Northeast Portland.

“This grant is part of our commitment to the community to support the creation of more affordable housing, which is so desperately needed in Portland,” said Wells Fargo Oregon Regional President Tracy Curtis of Portland. “We work in tandem with PCRI and other community-based nonprofits to ensure stability and opportunity for local families.”

One of 56 Grants Nationally 

The $100,000 grant to PCRI was one of 56 neighborhood revitalization grants totaling $6 million that Wells Fargo Housing Foundation gave to nonprofits in 20 states and the District of Columbia through its Priority Markets Program. Since 2009 the program has provided grants totaling more than $42 million to nonprofits in 125 communities.

Grant recipients were selected from requests submitted by local Wells Fargo employees and nonprofits Wells Fargo identified as being in need of extra help with large-scale neighborhood revitalization projects. A recipient must be a nonprofit with a successful history of building or renovating housing for low-to moderate-income homebuyers.

 

About Wells Fargo Housing Foundation 

The Priority Markets Initiatives are administered through the Wells Fargo Housing Foundation. The foundation has stewarded more than $82 million and 4.5 million team member volunteer hours in support of creating affordable housing and community revitalization programs. The foundation has mobilized more than 175,000 volunteers to build or refurbish 3,600 homes in low-to-moderate income communities. More information: www.wellsfargo.com.

 

February 7, 2017 · by pcriadmin · Pathway 1000, PCRI

Portland’s Metropolitan Contractor Improvement Partnership (MCIP) is hosting their fourth annual subcontractor trade show on Thursday, February 16 from 12 noon – 4 p.m. at the Oregon Convention Center. The trade show allows MBE/DBE contractors the opportunity to have one-on-one face time with owners, primes, and agencies. Contractors will have the unique experience to individually market their businesses and build relationships to secure new work. Previous trade show participants made immediate connections with owners, primes and agencies for contracts.

MCIP Trade Show FlyerLast year the trade show had over 150 attendees representing General Contractors including: Howard S Wright, LMC, Hoffman, Fortis, Anderson Construction and Hamilton. This year, MCIP anticipates even more will participate as attendees look to meet and become more familiar with MWESB contractors in a variety of scopes.

The focus of this event is to introduce and showcase DMWESB firms to a network of industry leaders and decision makers. MCIP’s mission is to connect sub-contractors to opportunities and new industry relationships. In doing so, MCIP places subcontractors behind the booths to showcase their business, skills and capacity, then invites primes, agencies and other industry professionals to come check out the diverse trades, businesses and services that Oregon DMWESB firms have to offer.

MCIP is partnering with PCRI to create economic opportunity through contracting needed to develop the homes which are part of PCRI’s Pathway 1000 initiative. MCIP is recognized as a valuable organization that supports MBE/DBEs and helps to build their business capacity. MCIP provides general services and workshops to approximately 40 businesses each year as well as intensive one-on-one mentoring services. MCIP has helped public agencies and primes achieve their diversity goals and focused on MBE/DBE businesses which have the greatest disparity in contracting.

Questions about the trade show or MCIP’s services? Contact Chris Cross by email or at 503.288.1211.

January 24, 2017 · by pcriadmin · Featured, Pathway 1000, PCRI

Providing homeownership opportunities and housing counseling assistance to low-income families ensures long-term affordability, stabilizes residents and their neighborhoods and helps families build equity and break the cycle of poverty.

Pathway 1000_Page_2In conjunction with the Pathway 1000 Initiative, PCRI is adding additional focus in current and future housing development efforts to increase opportunities for homeownership. PCRI’s goal is to address active and ongoing involuntary displacement of African Americans and other low income residents from the neighborhoods we serve.

A bit of history: during the period from the mid-1990’s to 2010 10,000 residents—primarily African Americans—were forced to relocate out of North and Northeast Portland neighborhoods.  Essentially, 3 people every day for 10 years were forced to find another place to live.

To accomplish our  goal of addressing this involuntary displacement, PCRI established a displacement mitigation initiative, Pathway 1000, with the sole purpose and intent of slowing and reversing the involuntary displacement of long term residents previously forced to move from N/NE Portland, and current residents at risk of displacement.  Through the Pathway 1000 initiative, PCRI aims to build and create at least 1,000 homes, many of which will be available to purchase.  The homes will be located throughout the city of Portland, with the primary focus on the N/NE Portland neighborhoods where displaced families previously resided.

Pathway 1000_Page_1The 1,000 homes will be constructed at a level of 100 homes per year over the next ten years. PCRI is targeting involuntarily displaced residents who were forced to relocated due to escalating housing costs, or because their rental home was sold to a homeowner. PCRI encourages interested community members to participate and learn more via PCRI’s website and social media channels, where a forthcoming questionnaire will be posted to determine eligibility and housing needs.

PCRI will also conduct a series of exploratory sessions with displaced residents and residents on the verge of displacement. These sessions will further determine the need as well as interest in taking advantage of the Pathway 1000 initiative and share more information about the opportunities to move back into historic, African-American populated NE Portland neighborhoods.

We cannot undo the harms done, but rather must focus on restoring housing justice for those who were harmed.  PCRI’s goal is to support and encourage displaced African-Americans to focus on the future.  Homeownership is the stabilizing solution to displacement.  Investing in opportunities and assistance for low-income families ensures long-term affordability and stabilizes residents in their neighborhood.

Community development corporations like PCRI can support displaced residents by building community awareness of solutions through advocacy and civic engagement to create anti-displacement policy.  Residents and community leaders have influence over planning and development in their neighborhood. Gentrification and displacement issues must be discussed and addressed on a regular basis.  Residents must remind government leaders and city planners of displacement, and the reality of unintended consequences of strategic growth.  Residents who are concerned and who have been impacted must get involved in their neighborhood and they must expect and encourage equitable development.

More: PCRI’s Pathway 1000 Initiative is featured in the Portland Observer, June 2, 2015.

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