72Foster is a 4-story new construction project developed by REACH CDC at the SE corner of 72nd Avenue and SE Foster Road across from the Portland Mercado. With a mix of studio to three-bedroom unit sizes, the 101 units are tailored to meet the needs of intergenerational families in Southeast Portland. The project team partnered with the Asian Health and Service Center (AHSC), located in nearby Lents town center, to include Asian seniors and families in affirmative marketing and outreach efforts. Twenty (20) units have Project-Based Section 8 rental assistance from Home Forward.
Project amenities at 72Foster include 32 surface spaces tucked under and behind the building, bike parking, laundry rooms, a top-floor lounge with open terrace, community room with kitchen, and sizeable courtyard. In addition, the project is a few blocks from the Mt. Scott Community Center/Park and three-quarters of a mile from the Eastport Shopping Plaza. TriMet serves the site with the #14 frequent service bus line; the #10 and #17 lines are also nearby.
For questions about unit availability and leasing:
Building Profile
| Project Type | New Construction |
|---|---|
| Location | Mt. Scott-Arleta/Foster-Powell |
| Regulated Units | 101 |
| PSH Units | - |
| Total Units | 101 |
| Status | Open |
| Bedroom Size | Units |
|---|---|
| Studio | 66 |
| 1-Bedroom | 14 |
| 2-Bedroom | 12 |
| 3-Bedroom | 9 |
| Affordability | Units |
|---|---|
| 30% AMI | 20 |
| 40% AMI | - |
| 50% AMI | - |
| 60% AMI | 81 |
| 80% AMI | - |
AMI = Area Median Income
Estimated Development Cost
| Total | $22,926,442 |
|---|---|
| Portland Housing Bureau | $5,766,360 |
Development Team
- REACH CDC, Sponsor
- Holst, Architect
- Housing Development Center, Consultant
- LMC, General Contractor