Lents Town Center
Completed Projects: Housing Development and Improvement
Overview
PDC has been working to implement the goals and objectives of the Lents Town Center URA Plan and the Lents Town Center Housing Strategy. These include supporting homeownership programs, improving the quality of existing housing stock, providing new and rehabilitated rental and homeownership housing for people of all income levels, and focusing on housing opportunities for existing Lents area residents. PDC also implements City housing plans and priorities, such as the 10 Year Plan to End Homelessness and Operation H.O.M.E., the campaign to close the minority homeownership gap.
Completed projects include the following:
The ReedwayCompleted in 2003, the Reedway was developed by Rose Community Development Corporation and provides 24 apartments for families earning below 50% Median Family Income ($33,950). The project, which also includes seven other scattered-site rental houses, received $1.25 million from PDC. |
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Cooper Street BungalowsThis award-winning new homeownership development project near 82nd Avenue provided opportunity for moderate-income first-time homebuyers a house to call their own in an innovative courtyard-style neighborhood. Homebuyers received assistance through PDC’s Shared Appreciation Mortgages. |
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Home Repair and RenovationPDC has assisted in the repair, or purchase and renovation, of over 93 homes in the Lents Town Center URA through tax increment financing-funded home repair loans, Shared Appreciation Mortgages, and other forms of homebuyer assistance. PDC has also assisted 79 additional home purchases and renovations in Lents through other funding sources, such as the Oregon Bond Loan, and supports the REACH Community Builders Program has repaired over 350 homes for senior and disabled Lents residents. |
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Questions? Contact:
PDC Housing Project/Program Coordinator
Sara Culp, e-mail
503-823-3239
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Portland Development Commission | 222 NW Fifth Ave | Portland, OR 97209-3859
Phone: 503-823-3200 | Fax: 503-823-3368
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