Portland Housing Bureau Awards Over $40M for Affordable Housing in Broadway Corridor

The Portland Housing Bureau has awarded over $40 million to Home Forward and the Urban League for a significant 230-unit affordable housing development in the Broadway Corridor, which is anticipated to be a pivotal project in the area. This 14-story building is notable for being the first vertical construction within the broader Broadway Corridor site, overseen by Prosper Portland. Designed with community needs in mind, the development will feature essential amenities, including an Early Learning Center, a Workforce Development Center, a playground, and a community garden. These facilities aim to create a supportive environment for residents and foster community engagement. The project reflects Portland's commitment to addressing the ongoing housing crisis, enhancing the availability of affordable homes, and improving local infrastructure.

As the city grapples with increasing housing demands, this initiative is expected to provide substantial relief. The development is part of a larger strategy to revitalize the Broadway Corridor and integrate various community services. Local officials expressed optimism that the project will serve as a model for future developments in the region.