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Carey Boulevard

Home Ownership
In Planning
Habitat for Humanity will develop 50 newly constructed homes in the University Park neighborhood, intended for home ownership to N/NE Preference Policy homebuyers.
Architect's rendering of a set of townhomes at Carey Boulevard. Shows a two-story white building with children playing and people walking on a lawn outsite.
Spring 2029

The Carey Boulevard site will consist of a clustered arrangement of 50 townhomes with 2, 3, or 4 bedrooms, and all will be offered as permanently affordable homeownership homes, with priority to families on the N/NE Preference Policy waitlist. The community will be served by five common areas that will be developed with playgrounds, community gardens, picnic or gathering areas. The site has 3 convenient access points to the Peninsula Crossing Trail. The project will complement the neighborhood and create a sense of community, while honoring the natural beauty of the land by incorporating the Heritage tree and other green spaces into the design. A multitude of energy efficiency features are included in the design of the homes to achieve Earth Advantages Net-Zero Energy Ready design standard.

Habitat for Humanity will partner with Proud Ground and First Republic Bank to provide secure and affordable home ownership for low-income households. This partnership consists of First Republic Bank offering affordable 30-year fixed rate loans and Proud Ground providing permanent affordability and lower purchase prices through the Community Land Trust model. Funding sources for the Carey Blvd. project include Metro Bond funding, Interstate Corridor Tax Increment Financing and other public and philanthropic funds. The site is currently in use as a Safe Rest Village for up to three years - construction for this project is likely to begin in 2025.

Developer Website

Building Profile

Project TypeNew Construction
LocationUniversity Park
Regulated Units50
PSH Units-
Total Units50
StatusPre-Development
Bedroom SizeUnits
Studio-
1-Bedroom-
2-Bedroom17
3-Bedroom21
4-Bedroom12
AffordabilityUnits
30% AMI-
40% AMI-
50% AMI-
60% AMI26
80% AMI24
Unrestricted-

AMI = Area Median Income

Estimated Development Cost

Total$23,130,574
Portland Housing Bureau$7,950,000

Development Team

  • Habitat for Humanity, Sponsor / Developer
  • R&B Architecture Studio, Architect
  • Habitat for Humanity, General Contractor
  • Proud Ground and First Republic Bank, Service Partner