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  • Thursday, May 05, 2016 12:37 PM | Deleted user

    Not September 2nd as reported in the May newsletter. For all events, please visit our Events Calendar

  • Monday, May 02, 2016 3:27 PM | Deleted user

    PCRI Executive Director Maxine Fitzpatrick was honored for her outstanding work in the community, both as a business leader and for her work in developing the Pathway 1000 Initiative.

    At a luncheon ceremony on April 14, Portland Business Journal honored PCRI Executive Director Maxine Fitzpatrick and 24 other accomplished business leaders as Women of Influence for 2016. The award (previously called the Orchid Award) recognizes the region’s most innovative and accomplished business executives. 

    “Maxine is a stabilizing force in affordable housing and community development,” Portland Business Journal reported in their Women of Influence special publication. “She works as a tireless advocate for low- and moderate-income families.” 

    According to the Business Journal, “this year’s class was chosen from among an intense array of nominees who sported vast accomplishments and long, sometimes overwhelming, community service involvement lists.”

    Ms. Fitzpatrick was also recognized as "Newsmaker of the Year" at an awards ceremony on March 16, 2016. The Royal Rosarian Foundation presented the awards for Newsmaker of the Year to local heroes who have performed acts of bravery or service to the community without regard to personal safety or public recognition. The recipients are nominated by local media representatives including Ms. Fitzpatrick, who was nominated by The Skanner News.

    Jerry Foster of The Skanner News nominated Ms. Fitzpatrick for her work developing PCRI's Pathway 1000 Initiative. The Initiative aims to mitigate and prevent involuntary displacement of North and Northeast Portland's historic residents, including the African American community, which has been disproportionately impacted.  

  • Thursday, April 28, 2016 4:02 PM | Deleted user

    Portland Tribune | Courtney Vaughn

    Low-income seniors in two apartment complexes in the county will still be able to stay in their homes, thanks to the Community Action Team and state and federal agencies.

    CAT, with substantial help from Oregon Housing and Community Services, as well as U.S. Department of Agriculture’s Rural Development program, purchased The Victorian senior apartment complex and Olive Court apartments in Scappoose.

    The purchase means the units will continue to be rented at a subsidy to the low-income tenants.

    “What we are trying to accomplish at Victorian and Olive Court is to preserve the rental assistance that’s in place,” Jim Tierney, executive director of CAT, said Tuesday.

    The single-family housing developments are two of a few affordable housing developments in Columbia County. CAT operates three other housing projects in Columbia County under a tax credit program that provides rental assistance.

    The agency was able to purchase the housing developments with the help of Oregon Housing and Community Services.

    “They gave us several million dollars to acquire the project, to do $1.5 million worth of repairs on it and to rent it out,” Tierney said.

    There are 21 units between Olive Court and the Victorian senior apartments.

    Tierney said the purchase doesn’t mean a guaranteed subsidy forever, but he’s confident that federal and state assistance will be renewed for the foreseeable future.

    “There is no promise. On the other hand, we’ve been doing this under the same program, renewing it year after year, or every five years, since the 1960s,” he explained. “It’s a longstanding commitment.”

    Click here to read the full article

  • Tuesday, April 26, 2016 2:17 PM | Deleted user

    Portland Monthly Magazine named Oregon ON Member Proud Ground a "game changer"  in an article detailing the rapid changes taking place in our city. Proud Ground uses a property structure called a community land trust in order to make 260 metro-area homes "permanently affordable". Read all about it here.

    Proud Ground Executive Director Diane Linn, along with Roger Hinshaw, Presidents of Bank of America in Oregon, wrote an opinion piece for the Oregonian. Click here to read the article.

  • Tuesday, April 26, 2016 1:57 PM | Deleted user

    The Network for Oregon Affordable Housing (NOAH) is pleased to announce that Ann Gray has joined the staff as the new Director of Lending.  

    NOAH is a certified nonprofit community development financial institution (CDFI) that was established initially by Oregon banks to increase the state’s supply of affordable housing while fostering smart development and community revitalization.  With total assets exceeding $124 million, NOAH offers a variety of loan products to support the acquisition, renovation and construction of affordable housing properties throughout the state. NOAH is also the parent company to MPower Oregon, which provides financing and technical assistance for energy efficiency upgrades for affordable multifamily properties.

    Ms. Gray comes to NOAH with a strong background in affordable housing finance having held various positions at PNC Real Estate, PNC Bank over the past ten years, as well as one year of sustainability work with Gerding Edlen Development.  She is experienced in acquisitions, asset management, business development and underwriting. Immediately prior to coming to NOAH, Ms. Gray managed a team of tax credit underwriters for PNC Real Estate.

    “We are pleased that we are able to add such an experienced and committed professional to our team,” reported NOAH Executive Director Bill Van Vliet.  “NOAH is well positioned to grow and expand its role in addressing the affordable housing crisis in Oregon”

    Since its beginning in 1990, NOAH has funded over $225 million in permanent loans for 191 properties and over 8,800 units, leveraging over $1 billion in total project capital. NOAH has also led a statewide preservation initiative and has provided over $38 million to acquire 22 properties that were at risk of being sold and being lost as a source of affordable housing.  NOAH lends approximately $20 million each year into affordable housing developments in Oregon.

  • Tuesday, April 26, 2016 1:39 PM | Deleted user

    Join us as we celebrate and showcase amazing women who were given a chance and ran with it.  Learn more and purchase tickets at https://ics.celebration.eventbrite.com

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