Posts Tagged ‘Newsletter’

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 Travis Phillips · Featured, PCRI

Dancing with the Stars was a big success, but this year we’re dancing without the competition. Join us on Saturday, May 5, 2018, at PCRI Lounge, a new take on our annual gala.

Enjoy a cocktail hour, dinner, auction, live music and entertainment at the PCRI Lounge gala event, once again at the Hilton Portland Downtown. We’ll celebrate the work we are doing together to bring stability and self-sufficiency to our communities.

Tickets to the event are on sale now, and volunteer and sponsorship opportunities are also available.

Sign up for PCRI’s mailing list to be the first to learn about gala announcement, exciting auction packages and more. We expect the event to once again sell out.

January 26, 2018 · by Travis Phillips · 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 5, 2018 · by Travis Phillips · 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.

July 13, 2017 · by pcriadmin · Featured, PCRI

Oregon’s growing economy and quality of life are attracting more and more new residents every year. However, rising housing costs in cities and rural areas are making it increasingly difficult to live here. Cities like Portland are experiencing problematic impacts from gentrification and displacement, while many parts of rural Oregon are facing a deteriorating and insufficient housing stock. Across the state, communities struggle to create an environment where small businesses can thrive.

Oregon Summit FlyerNCRC’s Oregon Reinvestment Summit, taking place October 2, 2017 in Portland, Oregon, will bring together rural and urban community-based organizations, from fair housing organizations, community development corporations (CDCs), policy organizations, and financial institutions to exchange knowledge and develop strategies to promote economic opportunity for all Oregonians.

Please register and join us! Registration is open through September 15 and attendees using PCRI’s link are able to attend at the member rate!

FEATURING WORKSHOPS AND PLENARIES ON:

  • Equitable development in gentrifying communities
  • Rural development
  • Bridging the urban-rural divide
  • Transitioning from renting to homeownership
  • Community reinvestment
  • Capital and credit for small businesses
  • Affirmatively furthering fair housing
  • Increasing availability of workforce housing
  • Community development partnerships

Special Community Member rates and scholarships are available for people who are experiencing financial hardship. Email Caitie Rountree at NCRC for more information.

The Oregon Reinvestment Summit is convened in partnership with the National Community Reinvestment Coalition (NCRC), CASA of Oregon, Fair Housing Council of Oregon, Housing Land Advocates, Oregon Opportunity Network and PCRI.

Click on the flyer to the right for a downloadable copy. New information will be posted as it is available – check back for updates!

July 6, 2017 · by pcriadmin · Featured, PCRI, The Beatrice Morrow
Colas Construction crews work on footings for the new Beatrice Morrow building

Colas Construction crews work on footings for the new Beatrice Morrow building

As construction progresses at The Beatrice Morrow, the health and safety of future residents as well as the larger community remain of critical importance to PCRI. Throughout construction, environmental inspections are being performed to verify the site is safe for future residents and neighbors. To this end, we are happy to report that inspections performed at the start of construction have identified less remediation required than anticipated.

Prior to construction, environmental inspections and soil samples identified one area of potentially lead-impacted soil at the site. During excavation, further tests were performed on this area of soil. Presence of lead in the surface soil was identified, although testing revealed that deeper soil was not affected. The impacted soil was removed and transported to a facility certified for disposal.

Additional environmental tests have been performed in other areas of the site to assess any potential environmental or health concerns and all tests have come back negative for possible hazards.

Footings have now been poured and the vertical construction of the building will be underway soon. As construction continues, the development team will continue to utilize our third-party environmental consultant to assess any areas of concern and perform tests to ensure the ongoing safety of the site.

Additional information and prior construction updates can be found HERE and additional environmental information can be found HERE. Completion of the 80-unit mixed-use commercial and residential building is anticipated in mid-2018 and all apartments are expected to be leased by the end of 2018.

Aerial view of the Beatrice Morrow site, July 6, 2017

Aerial view of the Beatrice Morrow site, July 6, 2017

July 6, 2017 · by pcriadmin · Featured, PCRI
RetentionVolunteer

PCRI maintenance techs volunteer at the home of a North Portland senior, painting and performing critical home repairs.

PCRI is thrilled to be a recipient of CareOregon’s 2017 grant funding. The $50,000 grant will expand PCRI’s Senior Homeownership Retention and Repair Program, focused on helping North and Northeast Portland senior homeowners who need assistance with critical home repairs or retaining home ownership.

“These grants continue CareOregon’s emphasis on working with our community partners to address social determinants of health, particularly housing issues. Along with adverse childhood events, this is a key goal for CareOregon management and our board of directors,” said Eric C. Hunter, chief executive officer and president.

CareOregon’s spring 2017 grant cycle was focused on overcoming housing insecurity, helping address one of the biggest socioeconomic barriers to effective health care. In all, $300,000 in development investment grants were made to seven organizations that focus their efforts on reducing housing insecurity, including organizations which PCRI partners with to identify and assist eligible senior homeowners such as Northwest Pilot Project and the Store to Door program.

“Our experience in providing care through the Oregon Health Plan has made it clear that this population is at a greater risk for housing insecurity, as well as other social and economic factors, than the average Oregonian.”

CareOregon’s bi-annual community-benefit giving additionally awarded almost $115,000 in nine smaller grants within the organization’s core focus areas: childhood development, member and community empowerment, social determinants of health and Community Health Improvement Plan goals in its service areas.

“A common theme of these grants is that they are to programs that are primarily direct services for young children and families at high risk of experiencing poor health outcomes,” Hunter said. “We know that if we can have a positive impact on families’ health early on, that impact will not only provide benefits now, but will continue to have benefits for them and our community for many years into the future.”

CareOregon serves the largest number of Medicaid recipients in the state through its affiliation with four Coordinated Care Organizations. For more about the grants, see http://bit.ly/co-2017-spring-grant-recipients. For more information about PCRI’s Senior Homeownership Retention and Repair Program, click HERE.

May 24, 2017 · by pcriadmin · Featured, New Construction, PCRI, The Beatrice Morrow

2017.05.25 B MorrowConstruction activity started on the Beatrice Morrow apartments in late May 2017. The development has the honor of being the first major housing development in Portland owned, developed, designed, and built by organizations led by African Americans: PCRI as owner and developer, Carleton Hart Architects, and Colas Construction as general contractor. In addition, apartments in the completed building will be prioritized for residents previously displaced from neighborhoods that were home to the city’s greatest concentrations of African Americans.

Immediately upon closing the project’s financing, Colas Construction began to mobilize their construction equipment and crews for development of the site named to honor Portland civil rights pioneer Beatrice Morrow Cannady. The development team is confirming details of any construction-related impacts to the neighborhood and will be communicating this information out to neighbors as soon as it is available. Completion of the 80-unit mixed-use commercial and residential building is anticipated in mid-2018 and all apartments are expected to be leased by the end of 2018.

“This project was an honor to close,” said Jodi Enos, Assistant Vice President and CDC Account Manager for U.S. Bank, the project’s investor. “The impact it will have in the community to fight gentrification is unparalleled. ”

The five-story building will be built along NE Martin Luther King Jr. Blvd between Cook and Ivy Streets. 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.

Project Partners, PCRI, and local officials joined a groundbreaking celebration for the Beatrice Morrow development

Project partners, PCRI, and local officials joined a groundbreaking celebration for the Beatrice Morrow development

“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 at a groundbreaking celebration in April 2017. “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.”

In addition to ensuring stability for residents, the development team has had a particular focus on creating equitable economic opportunity in the creation of the project, including partnership with Colas Construction and Carleton Hart Architects. 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.

Project partners include development consultant Gerding Edlen, U.S. Bank, Portland Housing Bureau, Oregon Housing and Community Services, Bellwether Enterprise Real Estate Capital, Home Forward, and Meyer Memorial Trust.

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.

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