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72Foster

Housing
REACH CDC developed 72Foster to bring 101 units of affordable intergenerational housing to Southeast Portland.
Completed – Opened Spring 2019

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.

Building Profile

Project TypeNew Construction
LocationMt. Scott-Arleta/Foster-Powell
Regulated Units101
Total Units101
StatusCompleted
Bedroom SizeUnits
Studio66
1-Bedroom14
2-Bedroom12
3-Bedroom9
AffordabilityUnits
30% AMI20
40% AMI-
50% AMI-
60% AMI81
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

Contact

Jill Chen

Housing Investments and Portfolio Preservation Manager

phone number503-823-2375

For email inquiries, please include the name of the project in the subject line to promote an efficient response.