June 21, 2017 · by pcriadmin · The Beatrice Morrow

B Morrow 6.20Concrete footings have been poured at The Beatrice Morrow Apartments and additional construction continues to proceed.

During the coming weeks, some street closures are expected in order to ensure safety and facilitate the this work:

  • Ivy Street at NE Martin Luther King Blvd: 6/26-7/1 and 7/7-7/13
  • Parking spaces on NE Cook Street near NE Martin Luther King Blvd to enable truck access 7/3-11/13

Additional information and prior construction updates 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.

June 13, 2017 · by pcriadmin · The Beatrice Morrow

Beatrice Morrow 6.14Concrete foundation and footings are expected to be poured at The Beatrice Morrow Apartments at the end of the week beginning June 12. During this time, trenching will also be performed in NE Ivy Street for a new sanitary sewer connection. To ensure safety and facilitate the this work, NE Ivy is expected to be closed temporarily where it meets Martin Luther King Jr. Blvd. beginning Wednesday, June 14.

NE Ivy Street will be closed intermittently at NE Martin Luther King Jr. Blvd. until the trenched area of the street is patched, expected to be complete Saturday, June 17 or Monday, June 19. East of the work site, Ivy Street will remain open to NE 7th Avenue. Additional intermittent closures are likely to occur in the coming weeks to ensure safety while concrete pours are performed. Earlier in the week, Pacific Power temporarily closed NE Cook Street to relocate a power pole at the construction site. Additional closures of NE Cook Street are not anticipated in the immediate future, however details of future street closures will be communicated as soon as they are confirmed.

Crews install concrete forms at Beatrice Morrow June 15

Crews install concrete forms at Beatrice Morrow June 15

The City of Portland is reviewing the development team’s proposed Transportation Management Plan which details any additional construction-related impacts sidewalks and streets. The development team is working with the city to ensure safety and to minimize any sidewalk closures during construction. Once approved by the Portland Bureau of Transportation, this information will be shared by the development team.

Additional information and prior construction updates 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.

June 7, 2017 · by pcriadmin · PCRI, The Beatrice Morrow
Excavation and site work begins at the Beatrice Morrow site

Excavation and site work begins at the Beatrice Morrow site

During the final week of May, construction activity progressed at The Beatrice Morrow Apartments. Work primarily consisted of installation of the storm water drainage systems and excavation for building footings. Installation of concrete forms and additional preparation for building footings will continue in early June.

For the week of June 12, construction crews will close NE Ivy Street where it meets Martin Luther King Jr. Blvd. to allow for installation of the sanitary sewer connection. The street will be closed beginning Monday or Tuesday and may last through the week. Crews will re-open the road as soon as it is safe to do so. East of the work site, Ivy Street will remain open to NE 7th Avenue. Additional intermittent closures are likely to occur in the coming weeks to ensure safety while concrete pours are performed. Details of future street closures will be communicated as soon as they are confirmed.

The City of Portland is reviewing the development team’s proposed Transportation Management Plan which details any additional construction-related impacts sidewalks and streets. Once approved by the Portland Bureau of Transportation, this information will be shared by the development team.

Additional information and prior construction updates 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.

May 30, 2017 · by pcriadmin · PCRI, The Beatrice Morrow

Construction activity at The Beatrice Morrow Apartments site began May 22. Although activity during the first week of construction focused primarily on mobilizing and setting up construction equipment, more significant activity is expected to be underway the week of May 29.

In the coming weeks, passers by and neighbors can anticipate to see increased activity as crews clear the site, begin to install underground utilities, and prepare for foundation and other concrete work. By mid-June, construction crews anticipate beginning concrete work. During this time, construction crews may intermittently close NE Ivy Street at Martin Luther King Jr. Blvd. over the course of a three-week period to accommodate equipment and safely facilitate concrete pours. East of the work site, Ivy Street will remain open to NE 7th Avenue.

The development team is preparing a Transportation Management Plan to confirm details of any additional construction-related impacts sidewalks and streets. Once approved by the Portland Bureau of Transportation, this information will be shared by the development team.

Additional information and prior construction updates 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.

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 23, 2017 · by pcriadmin · PCRI

Credit Building Class Flyer_ 5.31.17Are you looking for the best deals on a car? Cell phone? House? Loan? Join PCRI’s financial education program May 31 for a credit building class that covers the ABCs of credit and includes insider tips on how to build credit, even rebuilding badly damaged credit. Understanding your credit is an important step to ensure you get the best bang for your buck.

When:  Wednesday, May 31, 2017 – 6:00 p.m. to 7:30 p.m.

Where: PCRI Annex, 6601 NE Martin Luther King Jr. Blvd., Portland

Due to limited seating please RSVP to Marqueesha Merriweather at (503) 288-2923 ext. 102 or by email. Click the photo at right for a downloadable flyer.

Interested in more information about PCRI’s financial education or homeownership programs? Learn more HERE. Homeownership welcome sessions are held twice per month and additional classes will be offered each month; please check back for more information.

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.

April 27, 2017 · by pcriadmin · Featured, PCRI

PCRI’s Sixth Annual Dancing with the Stars Portland Gala was a glitter and glamour filled success, raising $96,000 to support affordable housing and services for PCRI residents and north/northeast Portland community members! The dancers delivered an amazing show and the event’s sponsors, volunteers and guests made the evening another memorable event.

Jessi and Alex Aillon started off the 2017 PCRI Gala. Photo: Brit Forbes

Jessi and Alex Aillon started off the 2017 PCRI Gala. Photo: Brit Forbes

Following a lively reception, Alex and Jessi Aillon of Fred Astaire Dance Studio delivered a stunning opening performance. Emcee Sasha Spencer Atwood shared her personal connections to the work PCRI does.

Gala competitors (left to right) Kali Thorne Ladd, Paul van der Salm, Tricia Tillman, Carlos Banks. Photo: Naim Hasan Photography

Gala competitors (left to right) Kali Thorne Ladd, Paul van der Salm, Tricia Tillman, Carlos Banks. Photo: Naim Hasan Photography

The headlining entertainment of the evening, the Dancing with the Stars-style competition, was every bit as exciting as its television namesake. Trained by and paired with professional dancers from Portland’s Fred Astaire Dance Studio, each dancing couple put on a spectacular show.

Kali Thorne Ladd and Alex Aillon's Viennese Waltz won the Gala competition. Photo: Naim Hasan Photography

Kali Thorne Ladd and Alex Aillon’s Viennese Waltz won the Gala competition. Photo: Naim Hasan Photography

In the end, only one dance couple could be named champion and while judges Cupid Alexander, Serilda Summers-McGee, Andrew Tweedie and auction winner Robert Hoffman had a tough decision, they named Kali Thorne Ladd and Alex Aillon this year’s winners.

Gala judges weigh in on the competition. Photo: Brit Forbes

Gala judges weigh in on the competition. Photo: Brit Forbes

But the evening isn’t just about a dance competition. Sasha Spencer Atwood and PCRI Executive Director Maxine Fitzpatrick celebrated the successes achieved by PCRI residents while underscoring the work that is still needed: to ensure all families have access to the benefits of stable, affordable housing in Portland’s opportunity-rich close-in neighborhoods. Led by auctioneer Kelly Russell, the gala’s live auction and special appeal had guests bid cards high in the air.

Guests raised their bid cards to support PCRI. Photo: Naim Hasan Photography

Guests raised their bid cards to support PCRI. Photo: Naim Hasan Photography

Most notably, Northeast Portland homeowner Jenean Dunn shared her emotional story of how she was introduced to PCRI at a critical time. Fighting back tears on stage, she shared how PCRI’s homeownership retention program helped her keep her home and ensure she got the heat back on so she could stay in the house and neighborhood she’s called home since she was a child (click HERE to watch the video).

Jeanan Dunn (left) shares her experience working with PCRI and staff member Lisa Williams (right). Photo: Naim Hasan Photography

Jeanan Dunn (left) shares her experience working with PCRI and staff member Lisa Williams (right). Photo: Naim Hasan Photography

For more photos, be sure to visit Naim Hasan Photography’s website and the Gala website! And, of course, we extend a giant thank you to all our sponsors, contributors and guests as well as the fantastic volunteers who made the evening such an amazing success. If you’re not already signed up, be sure to join our mailing list to get news and invitations for next year’s gala – the date will be announced soon!

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