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Albina One

Housing
In Planning
Albina Vision Trust and Edlen & Co. will develop 94-units of family-focused affordable housing with priority to displaced or longtime residents of North/Northeast Portland under the City’s Preference Policy.
Fall 2024

Albina Vision Trust and Edlen & Co. will develop Albina One, a 94-unit family-focused project, in the Eliot neighborhood of inner N/NE Portland. Designed to counter the intentional displacement of Black people from the neighborhood due to urban renewal, freeway siting, and long-term gentrification, the mix of one, two and three-bedroom units will serve young Portlanders, notably those that work in the trades. POICS + RAHS (Portland Opportunities Industrialization Center + Rosemary Anderson High School) will support residents with culturally specific education, mentoring, family outreach, employment training, and career placement services for Black and BIPOC households.

Amenities at Albina One will include community rooms on the ground and top floors, on-site property management offices, secure bike parking, an outdoor plaza with garden and play areas, and 16 parking spaces. Tenants will have access to multimodal transportation options including TriMet Rose Quarter Transit Station, the streetcar, frequent-service bus lines, Interstate 5, and bike share stations. The project is less than one mile from a grocery store and other commercial activities; also nearby are the Willamette River, Harriet Tubman Middle School, Dawson Park and Lillis Albina Park, and several churches with historic ties to Portland’s Black community.

Building Profile

Project TypeNew Construction
LocationEliot / Interstate Corridor URA
Regulated Units94
PSH Units-
Total Units94
StatusPre-development
Bedroom SizeUnits
Studio-
1-Bedroom40
2-Bedroom37
3-Bedroom17
AffordabilityUnits
30% AMI32
40% AMI-
50% AMI-
60% AMI62
80% AMI-
Unrestricted-

AMI = Area Median Income

Estimated Development Cost

Total$49,117,000
Portland Housing Bureau$13,752,107

Development Team

  • Albina Vision Trust, Sponsor
  • Edlen & Co, Developer
  • POIC + RAHS, Service Provider
  • LEVER Architecture, Architect
  • Colas Construction, 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.

Neighborhood