Housing
In Planning
3000 Powell, a new multifamily construction project from Home Forward, will create 206 affordable rental units in Creston-Kenilworth.
Fall 2022
New affordable housing is coming to Southeast Portland thanks to Portland’s Housing Bond. Home Forward is developing the 3000 Powell project on the site of the former Safari Club in the Creston-Kenilworth neighborhood—where residents are at risk from rising rents—and will provide a mix of studios and larger units for Portland individuals and families in need of stable housing. The location is a short walk from Powell Park and provides easy access to the frequent-service bus line along Powell Boulevard. Since securing Portland Bond funds in 2018, Home Forward was able to acquire an adjacent parcel of land, expanding the project by 1.3 acres and increasing the total units to 206.
Building Profile
| Project Type | New Construction |
|---|---|
| Location | Creston-Kenilworth |
| Regulated Units | 206 |
| Total Units | 206 |
| Status | Pre-Development |
| Bedroom Size | Units |
|---|---|
| Studio | 123 |
| 1-Bedroom | 18 |
| 2-Bedroom | 59 |
| 3-Bedroom | 6 |
| Affordability | Units |
|---|---|
| 30% AMI | 68 |
| 40% AMI | - |
| 50% AMI | - |
| 60% AMI | 138 |
| 80% AMI | - |
| Unrestricted | - |
AMI = Area Median Income
Estimated Development Cost
| Total | $68,160,000 |
|---|---|
| Portland Housing Bureau | $33,705,000 |
Development Team
- Home Forward, Sponsor
- Holst Architects, Architect
- Colas Construction, General Contractor