Posts Tagged ‘Homeownership’

June 27, 2018 · by pcriadmin · Featured, New Construction, Pathway 1000, Uncategorized

Crews poured the homes’ concrete foundation and slab in May 2018.

PCRI and Albina Construction began development of four new townhomes on N Williams Avenue in April 2018. Construction of the new homes is proceeding briskly, with foundation and walls quickly taking shape. When complete in late-2018, the new homes will be sold to qualifying first-time buyers and will be prioritized for households displaced or at risk of displacement from North and inner Northeast Portland.

Neighbors and passers by have likely noticed significant activity at the site during the past few months as Albina Construction’s crews cleared the site, formed and poured the foundation, framed the homes’ walls. In addition, the City of Portland’s Urban Forester oversaw work performed close to the large tree next to the street, which was preserved and pruned to ensure it would safely clear the future homes.

Youth in the POIC program joined Albina Construction on the jobsite in May 2018.

In late-May 2018, a group of students from the Portland Opportunities Industrialization Center (POIC) joined Albina Construction to learn more about the work happening at site. POIC provides education, job training and more for students enrolled in the program and is a key partner mentioned in PCRI’s Pathway 1000 Implementation Plan, increasing the participation of minority youth in good-paying construction trades.

Four new 2- and 3-bedroom townhomes, certified to meet Earth Advantage green building standards, are being built 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.

 

Additional information about PCRI’s Homeownership Initiatives can be found HERE. Prior updates and information about the Williams Townhomes can be found HERE. Completion of the four townhomes on N. Williams Avenue is anticipated in late 2018, with additional homeownership developments in N/NE Portland slated to begin construction in summer 2018 for completion in early 2019. Click on the gallery below for larger images.

June 13, 2018 · by pcriadmin · Featured, PCRI

Oregon Gov. Kate Brown signs HB4010. (Courtesy Gov. Brown)

On June 12, the Oregon legislature announced the appointment of 11 members, including PCRI Executive Director Maxine Fitzpatrick, to the Task Force on Addressing Racial Disparities in Home Ownership. House Bill 4010 was passed in April 2018 mandating the state to create the task force to more closely examine racial disparities in homeownership in Oregon, identify barriers, and recommend solutions to help close racial homeownership gaps.

As per the provisions of the bill, the task force must include a member representing an organization that focuses on educating and assisting people of color in purchasing homes. With PCRI and Pathway 1000’s focus on homeownership for African Americans and others, Fitzpatrick is a natural representative for this role. An additional four members represent communities that have suffered historic discrimination or who currently face barriers to homeownership.

According to the Portland Housing Bureau’s 2017 State of Housing report, homeownership rates for African Americans and other communities of color are approximately half that of White households in Portland: 54 percent or White households in Portland own their homes, but 30 percent or fewer of African American, Native American, and Hawaiian-Pacific-Islander households own their homes. In addition, Oregon’s home ownership rates for African American households trails nationwide rates for African American homeowners.

The bill was introduced by a coalition of legislators, including Task Force member Rep. Mark Meek (D-Clackamas County) and Sen. Lew Frederick (D-Northeast Portland). According to The Skanner News, the Task Force will:

  • Compile data concerning levels of homeownership among people of color in Oregon;
  • Identify barriers to homeownership that people of color in Oregon face;
  • Investigate practices and procedures for approving mortgage loans;
  • Identify discriminatory mortgage loan application and approval practices and procedures that deliberately or inadvertently discriminate against people of color;
  • Identify barriers other than access to mortgage loans or other credit that reduce or prevent home ownership among people of color;
  • Recommend solutions, including legislation, to eliminate any impermissible discrimination or barriers to homeownership and to improve other conditions that reduce or prevent home ownership among people of color in Oregon.

Other members of the Task Force include two members from the state senate (Senators Cliff Bentz and James Manning), two members from the house of representatives (Representatives Mark Meek and Richard Vial), one member representing real estate licensees, and one member representing mortgage lenders. The announcement and full list of members can be found here.

May 14, 2018 · by pcriadmin · Pathway 1000, PCRI

As part of the Pathway 1000 initiative, PCRI is excited to host a seminar on May 30 all about mortgages. RSVP online and join us to learn what you need to know before you begin shopping. We’ll answer questions like how to get a mortgage loan and what the process is like. What it means to be mortgage ready or what questions to ask when selecting a lender. And what is a FHA, VA or Conventional loan?

Space is limited, so don’t wait to sign up!

Date:  Wednesday, May 30, 2018

Time:  6:00 p.m. – 7:30 p.m.

Where: PCC Cascade Campus, Terrell Hall Rm 101 (705 N Killingsworth St.)

RSVP by 5/28: visit our Eventbrite page at: http://pcri-homeownership.eventbrite.com/

Interested in more information about PCRI’s financial education or homeownership programs? Learn more HERE. Additional classes are offered each month; check HERE for more information.

For questions or more information contact PCRI’s homeownership team by email or by phone at (503) 288-2923 x102. Click the flyer (above, right) for a downloadable version.

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.

February 4, 2018 · by pcriadmin · Featured, Pathway 1000, PCRI

PCRI’s Homeownership Education and Counseling program is proud to announce workshops and home buyer orientation sessions for 2018. The PCRI program assists low- and moderate-income first-time buyers in creating a successful homeownership plan. Twice-monthly orientations are the first step to enroll in the program and start on the path to becoming a homeowner. In addition, monthly workshops focus on specific parts of the home buying process, issues related to credit and debt, and other relevant topics.

Download a PDF document with dates and information about all of PCRI 2018 workshops or visit PCRI’s Eventbrite page to learn more and register. Homeownership orientations are held the first and third Wednesdays of the month, workshops are generally held the last Wednesday of the month.

In addition to workshops and orientations, 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.

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.

January 5, 2018 · by pcriadmin · Featured, PCRI

On January 4, 2018, The Portland Metropolitan Association of Realtors (PMAR) presented an Oregon Home Foundation grant for PCRI’s homeownership education program. The grant will help support increased attendance in PCRI program as well as continued development of post-purchase support programs. Homeownership Program Specialist Linda Tellis-Kennedy (pictured below, third from left) attended the grant presentation on PCRI’s behalf.

PMAR Presented Homeownership Program Grants on January 4, 2018

“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, whose vision is to help low-income families achieve stability and build wealth, shares the Oregon Association of Realtors HOME Foundation’s belief in the incredible value of homeownership to break generational cycles of poverty. PCRI also understands that education and support prior to purchase are key to the long-term success of first-time buyers, especially for PCRI’s target population of African Americans who have been historically and disproportionately excluded from homeownership.

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 each of the last two years and, with development of new homes for purchase associate

d with the Pathway 1000 initiative, attendance is expected to continue to increase. The Oregon Home Foundation grant will help PCRI meet increased service needs as well as develop new programs.

The Homeownership Opportunities Website Northwest (HOW NW) sponsored by PMAR provides additional resources for buyers without charge or obligation. In addition to PCRI’s education services, buyers are encouraged to visit the HOW NW website to learn more about buying, owning and retaining a home.

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.

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