Updated Jan 14, 2021; Posted Jan 13, 2021
By Shane Dixon Kavanaugh | The Oregonian/OregonLive
https://www.oregonlive.com/news/2021/01/more-than-100-new-affordable-apartments-greenlit-for-n-portland-neighborhood.html
The Portland City Council greenlit funding Wednesday for an affordable housing project that will bring more than 100 new apartments with low and very low rent to the St. Johns neighborhood.
The unanimously approved measure will provide about $17.4 million in Portland housing bond revenue for Cathedral Village, whose construction in the 8600 block of North Crawford Street will begin this year.
With sweeping views of the nearby St. Johns Bridge, the four-story, 110-unit building will offer low-income Portlanders a place to live within walking distance of grocery stores, public transit and Cathedral Park, city officials
More than half the apartments will have two or three bedrooms, a size geared toward families, documents show. Two-thirds will be available to Portlanders who earn up to 60% of the city’s median income while the rest will be reserved for those who earn 30% or less.
For a family of four, those figures were $55,260 and $27,640, respectively, last year, according to the Portland Housing Bureau.
The development, which carries a total price tag of just over $38 million, is a collaboration between non-profit Catholic Charities of Oregon and for-profit Related Northwest.
Its pending ground-breaking comes two months after developers Northwest Related and Central City Concern began construction on the Crescent Court Apartments, a $40.7 million, 138-unit affordable housing project in the 11500 block of Southeast Division Street.
— Shane Dixon Kavanaugh; 503-294-7632
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