219 NW 2nd Avenue
Portland, OR 97209
(503) 226-4368
FAX: (503) 226-2509
www.innovativehousinginc.com

AGENCY INFORMATION
Sarah Stevenson, Executive Director
Total Number of Staff: 8
Housing & Community Development Staff: 7
Annual Operating Budget: $720,000
Total Cost of Development:$43,825,037 (this only includes developments since 2006)
Area Served: Greater Portland Area
Year Incorporated: 1984

Total number of people housed in 2011: 2,030
Total Number of Units Developed: 937 (Rental-844; Homeownership-93)Total Number of Units Under Development: 138 (Rental-88; Homeownership-0)

PROGRAMS AND SERVICES OFFERED

• Social Services
• Child Care
• Youth Programs
• Economic Development
• Homeownership Counseling (prepurchase)
• Mixed Use Development
• Green Building
• Community Facilities

MISSION

Innovative Housing’s mission is to efficiently and economically develop, preserve, and operate high-quality, affordable housing for low- and moderate-income households and to help our residents maintain their housing stability, improve their quality of life, and access opportunities to break the cycle of poverty.  Please visit our website for more information about IHI’s housing and services:  www.innovativehousinginc.com.

WHO WE SERVE

IHI provides homes to a wide range of people.  IHI owns downtown studios that house very low-income seniors and people with physical and mental disabilities, and others that were designed as workforce housing for low-wage earners.  We have units designated for low-income people with HIV/AIDS and many apartments set aside for chronically homeless adults with disabilities.  IHI operates some of its buildings as low-barrier housing for individuals with credit, rental, and criminal histories that might otherwise prevent them from securing housing.  Approximately half of IHI’s portfolio houses low-income families, most of whom work low paying jobs and struggle to make ends meet.  The average income of the families in IHI housing is just 34% of area median, or $24,820 for a family of four.  Some of our family units are set aside for homeless families.

KEY ACCOMPLISHMENTS

• IHI has developed and operates 13 affordable, rental projects in the Portland region with a total of 844 units that are designed to accommodate the needs of seniors, tenants with physical and mental disabilities, chronically homeless singles, families, and other low-income households.
• IHI has developed 93 condo units in three mixed-income condominium projects that created homeownership opportunities for households earning between 60% and 100% of area median income.
• IHI has acquired and preserved five projects with 311 affordable rental units as they have exited their Low-Income Housing Tax Credit compliance periods.
• In 2010 IHI launched Innovative Change$ – a responsible alternative to predatory lenders that gives low-income households access to affordable, short term cash loans along with financial education, counseling, and credit building opportunities.

CURRENT PROJECTS

• IHI is currently developing 50 new units of housing on Martin Luther King Jr. Boulevard in Northeast Portland, redeveloping 34 studio apartments in Old Town, and working to redevelop a trailer park into affordable family apartments in Albany, Oregon.

PARTNERS IN DEVELOPMENT

City of Portland Bureau of Housing and Community Development • Housing Authority of Portland • Portland Development Commission • Portland Housing Bureau • Oregon Housing and Community Services Department • Multnomah County • Central Albany Revitalization Agency • Key Bank • Network for Oregon Affordable Housing (NOAH) • Riverview Bank • Bank of America • US Bank • Washington Mutual/JPMorgan Chase • Key Community Development Corporation • Homestead Capital • Oregon Equity Fund • Enterprise Social Investment Corporation • Centerline • Wells Fargo • Boston Capital • Metro • Federal Home Loan Bank of Seattle • Housing Development Center • LRS Architects • Carleton Hart Architects • LMC Construction • Walsh Construction

STAFF PARTICIPATING IN INDUSTRY SUPPORT PROGRAMS
Angie Harbin Resident Services/PAMWG
Kat Lentz Resident Services
Hailey Roberge Resident Services
Emma Martinez Resident Services