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City saves 11 affordable housing buildings

Portland's Housing Bureau and community partners successful preserved 11 buildings of affordable housing during the past five years.

The bureau used $22 million in urban renewal funds and federal Community Development Block Grants in the effort. That leveraged $110 million in private investments and more than $120 million in guaranteed federal assistance during the next 20 years.

Commissioners Nick Fish and Dan Saltzman will present a report on the effort to the rest of the council on Wednesday. Fish created and oversaw the bureau when the effort began and Saltzman is in charge of it.

"The coalition worked in close coordination for five years, and this spring, the city announced that it had successfully preserved each of the 11 buildings, requiring 60 years of affordability for 700 homes in Portland’s vibrant and desirable neighborhoods," according to the report.

Most of the 11 buildings are downtown. They had been designated as affordable house for years but were due to lose their tax-exempt status in 2013. That would have allowed them to be converted to market race housing, displacing the existing residents.

The city identified the buildings in 2008 and initiative a project called 11X13 to preserve them as affordable housing. It work with the building owners, community organizations, and the state and federal governments to accomplish this goal. Project partners include: Cedar Sinai Park, Guardian Real Estate Management, Harsch Invetment Properties, the Network for Affordable Housing, Northwest Housing Development, Reach Community Development, the Union Labor Retirement Association, Winkler Development Corp. and the U.S. Department of Housing and Urban Development.

The 11 buildings are: The Admiral, 910 S.W. Park, 37 units; Roselyn Apartments, 424 N.W. 21st Ave., 31 units; Walnut Park, 5272 N.E. Sixth Ave., 38 units; Upshur House, 2650 N.W. Upshur St., 30 units; Uptown Tower, 710 S.W. St. Clair St., 71; Chaucer Court, 1019 S.W. 10th Ave., 83 units; 1200 Building, 1200 S.W. 12th Ave., 89 units; Lexington Apartments, 1125 S.W. 12th Ave., 54 units; Park Tower, 731 S.W. Salmon St., 162 units; Hawthorne East, 1420 S.E. 16th Ave., 71 units; and Bronaugh Apartments, 1434 S.W. Morrison St., 51 units.