November 5, 2018 · by Rachel Loftin · Featured, PCRI
Maxine Fitzpatrick, Executive Director of PCRI

Maxine Fitzpatrick, Executive Director of PCRI

Dear Community Members, Friends, and Colleagues, 

Portland Community Reinvestment Initiatives, Inc. (PCRI) established in 1992, will be undergoing a leadership change effective December 31, 2018. 

PCRI was formed for the purpose of acquiring and managing the rental housing and homeownership portfolio owned by Dominion Capital. Dominion Capital, an investor broker, had been charged with racketeering and fraud, perpetrated mainly to Black residents in North and Northeast Portland.  Due to widespread Lender redlining in those neighborhoods, Black residents, historically living in North and Northeast Portland neighborhoods, were deprived of opportunities to purchase a home. However, because they wanted to own their homes, they accepted the only option available to them for homeownership and unbeknownst to them – that opportunity was a fraudulent land sale contract. This practice lasted for many years without resolution. 

Finally, after intensive community uproar and residents inability to purchase a home by traditional means, community members, along with City Commissioner Gretchen Kafoury began to highlight the injustice. Their efforts eventually gained widespread support and that led to the perpetrators being charged with racketeering and fraud and those charges resulted in the dissolution of the company. Rather than allow the hundreds of properties owned by the investor broker to flood the market and be picked up by real estate speculators, resulting in the subsequent displacement of hundreds of families – PCRI was formed to purchase the properties and prevent that anticipated outcome. With the support of the City of Portland, the State of Oregon, U.S. Bank, and the Community, PCRI was formed to purchase the portfolio and prevent subsequent displacements.  After a national search to find a leader for the newly formed organization, I was selected to fill the position. On September 1, 1993 – I moved to Portland from the Midwest to assume that role. 

After 25 years in this role, and the development of PCRI into one of the nation’s best community development corporations – my work here is concluding. Effective December 31, 2018 – I am retiring from PCRI and want the community members and industry professionals that I have had the opportunity to work with during this time to be some of the first people I publicly share this decision. 

Relocating to Portland to become the Executive Director of a newly formed community based housing development organization, has been both a challenging and a rewarding experience.  As I contemplate the next chapter in my life, I want to acknowledge that my experience at PCRI has been an honor. It is now time for me to pass the baton of a stable and healthy organization on to a new leader. Transitioning to Portland meant leaving my family, my friends and a bevy of Mentors and Colleagues – all who made my life’s work possible.  Relocating to a City where I did not know anyone – only knew of the Portland Trailblazers – I quickly adapted to the people in neighborhoods where I worked. Portland challenged my capacity and it has given me the opportunity to do some of the most important work one can do in life.  The work I have done in Portland is the same work I did before the transition – it just took much longer. 

There’s still work to do – Pathway 1000 Displacement Mitigation Plan is well on its way to implementation.  I urge and encourage each of you to do all you can to support PCRI’s new leadership. After my successor is named and brought on board, I will begin the new chapter in my life; I look forward to exploring new opportunities and continuing to be of service in areas of my professional and personal passion; the ongoing effort to address poverty through the provision of economic development opportunities, homeownership opportunities – these efforts represent holistic options and ways to mitigate homelessness as it exist today. 

During my time at PCRI, I have had the opportunity to work with many wonderful and committed people, both inside and outside of the organization.  Ex-employees, ex-board members and supporters may no longer be directly associated with the organization – however, their contributions helped shape the organization into what it represents today. I am confident PCRI can and will continue to thrive as well as expand its contribution to the creation of affordable housing and resident financial sustainability and prosperity.  PCRI has a tremendous future and I am proud to have been a part of its first 25 years.  It is my expectation and belief that the next 25 years for PCRI will be even more productive than the first 25 years. 

 

Sincerely,

 

 

 

Maxine Fitzpatrick

Executive Director

 

“Only those who will risk going too far can possibly find out how far one can go.” T.S. Elliot

October 29, 2018 · by pcriadmin · Featured, Grant Warehouse, Pathway 1000, PCRI

PCRI invites partners and community members to the Beatrice Morrow Cannady Building for a grand opening celebration on November 8 from noon to 2:00 p.m.

PCRI Executive Director Maxine Fitzpatrick, PCRI staff, and board members will welcome Portland Mayor Ted Wheeler, Commissioner Dan Saltzman, other local officials, nonprofit leaders and business partners for festivities including a ribbon-cutting ceremony, food, entertainment, and a building tour.

The new mixed-use commercial and residential building will provide 80 affordable rental homes prioritized for residents displaced from North and Northeast Portland and community-serving commercial retail space.

Those interested in attending should RVSP their attendance via email or to 971-388-3117. The Beatrice Morrow Cannady building is located at 3340 NE Martin Luther King Jr. Blvd., in Portland, Oregon.

October 16, 2018 · by Staff · Featured, PCRI

Portland Community Reinvestment Initiatives (PCRI) extends an open Request for Proposals to perform capital improvements at 12 PCRI-owned scattered-site affordable rental homes in Portland. The projects are located in North and Northeast Portland. Scopes of work vary by property and may include interior/exterior painting, electrical repairs and upgrades, carpentry, and flooring.

Interested contractors must schedule an appointment by October 29, 2018 with PCRI’s Maintenance Supervisor to review information about the projects, specifications, and PCRI’s goals for the improvements. Contractors will also be required to complete PCRI’s Contractor Qualification forms prior to inspecting properties and submitting proposals. Appointments may be scheduled and Contractor Qualification forms may be requested by email or by calling PCRI at (503) 288-2923.

All bids must be received by PCRI by 5:00 p.m. on November 9, 2018. Bids received after this time may not be considered.

Please note: many PCRI properties were constructed prior to 1978.  Please consider that any work which disturbs paint in any way will require proper containment procedures. Contractors who are not lead-paint certified, should indicate this clearly in their proposal.

September 18, 2018 · by pcriadmin · Featured, PCRI

Anatoliy, Judith and Chris (L-R) joined PCRI’s maintenance team in September 2018

Three new staff members joined PCRI’s in-house maintenance team in September 2018. Anatoliy Trofimenko, Judith Russo, and Chris Palacios joined PCRI’s existing staff of refurbishment and repair technicians who respond to residents’ repair needs and work to refurbish newly-vacant homes in preparation for new residents.

We welcome these new staff members to the PCRI team!

As a reminder, many types of repairs, if prolonged, can become very costly, so PCRI relies on residents to let us know right away if a repair is needed. Residents should call in all maintenance and repair requests to PCRI’s office at (503) 288-2923. Emergency requests (no heat or hot water, severe leaks or flooding, no electricity, or inoperable toilets) should be called into PCRI’s office during business hours, or to PCRI’s after-hours pager at (503) 265-9634 for emergencies outside of business hours.

September 10, 2018 · by pcriadmin · 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.

August 31, 2018 · by pcriadmin · Featured, Pathway 1000, PCRI

As part of the Pathway 1000 initiative, PCRI is excited to host a seminar on September 26 focused on helping future homebuyers “get ready to be ready.” RSVP online and join us to learn what you need to know about income, debt, and getting prepared. PCRI’s homeownership team (pictured below) will help you understand how to make homeownership a reality, how much you may be able to afford, and where you can turn for help.

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

Date:  Wednesday, September 26, 2018

Time:  6:00 p.m. – 7:30 p.m.

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

RSVP by 9/21: via PCRI’s our Eventbrite registration page HERE.

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.

August 25, 2018 · by pcriadmin · Featured, PCRI

PCRI hosted its second-annual Resident Appreciation and Back to School event on August 18 at Columbia Park. In addition to a cook-out hosted by NW Natural with burgers, hot dogs and other food, the event offered a variety of fun events, games, face painting and a raffle. PCRI staff also distributed backpacks and school supplies.

Cash prizes in the raffle were especially appreciated by residents who attended.

“This was a awesome event. My father has a renewed look at life having moved into his new apartment!” said one resident. “And we’ll split the $100 that I won in the raffle!”

A resident shows her excitement after winning a raffle prize at PCRI’s August Resident Appreciation event.

Community partners, such as the City of Portland and Comcast, joined the event as well, with give aways of their own and information about programs and special pricing available to PCRI residents and other lower-income families.

PCRI staff benefit from the event, too. The event allows staff to hear directly from residents about what services and support residents would like to see and what services we’re providing that are most valuable. The event is also an opportunity to share information about current and upcoming PCRI initiatives, resident service programs, and services available to residents and community members.

Click on any of the images below to view a larger version.

 

 

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.

June 12, 2018 · by pcriadmin · Pathway 1000, PCRI

Prior to PCRI’s 2018 fundraising gala, staff sat down with videographer Sika Stanton to discuss the strategy and importance of the Pathway 1000 initiative to mitigate and prevent displacement. Watch the video below:

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