A new development project will bring over 100 affordable homes and a Black business hub to North Portland.
The Williams & Russell project, managed by Williams & Russell CDC, will create 85 affordable apartments and 20 townhomes for sale on a block that has been vacant for nearly five decades.
Significant Funding and Community Impact
The project has already secured $10.3 million in funding, including $1.6 million recently announced by Oregon senators Ron Wyden and Jeff Merkley.
An additional $23 million is pending from the Portland Housing Bureau and Prosper Portland.
The affordable apartments will be available to those earning between 30% and 60% of the area median income.
Addressing Historical Displacement
In the 1970s, 171 families, mostly Black, were displaced when the city condemned the blocks around Legacy Emanuel Hospital. This new project aims to right those wrongs and revitalize the community.
Construction is set to begin in spring 2025, starting with the townhomes, and completion is expected by 2027.
“This will hopefully give the community several different locations to both buy and rent back in the neighborhood where they used to be,” said Bryson Davis, president and board chair of Williams & Russell CDC, according to KGW News.
Feature Image Credit: SouthWorks
#blacktech #entrepreneur #tech #afrotech #womenintech #supportblackbusiness #blackexcellence #technology #blackbusiness #blacktechmatters #blackowned #blackgirlmagic #blackpreneur #startup #innovation #hbcu #techtrap #blackownedbusiness #pitchblack #autographedmemories #blacksintech #shopblack #wocintech #nba #blackwomen #repost #hbcubuzz #blackwomenintech #startupbusiness #nails
Source link
