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Magnolia II

Housing
Magnolia II by Innovative Housing, Inc. adds 50 units of affordable housing to the Eliot neighborhood, with priority given to displaced or longtime residents of North/Northeast Portland through the City’s Preference Policy.
Completed – Opened Winter 2020

Magnolia II part of the City of Portland’s N/NE Neighborhood Housing Strategy to address displacement and gentrification in the historic neighborhoods of North and Northeast Portland. Longtime or displaced residents with ties to the community are prioritized for available housing through the Preference Policy.

Magnolia II is a four-story, 50-unit, elevator-served building located at the corner of NE Fargo and NE Martin Luther King Jr. Blvd in the Eliot neighborhood. Innovative Housing, Inc. (IHI) developed the project adjacent to its Magnolia I apartments, which were completed with support from Portland Housing Bureau funds in 2013. The two developments are connected via a corridor. Magnolia II is focused on providing family-sized units and includes indoor and outdoor play areas, an outdoor patio, nine surface parking spaces, and indoor bike parking. Additional amenities include a ground floor resident services office, community laundry room, and 1,000 sq. ft. common area maker space for residents to work on projects and participate in classes and workshops.

Located approximately halfway between Alberta Arts and the Lloyd District, Magnolia II residents have access to North/Northeast Portland’s many amenities including nearby Irving Park, Matt Dishman Community Center, and Legacy Emanuel Medical Center. The project is located directly on the #6 frequent-service bus line and three blocks from the #24 line.

Building Profile

Project TypeNew Construction
LocationEliot
Regulated Units50
Total Units50
StatusCompleted
Bedroom SizeUnits
Studio-
1-Bedroom17
2-Bedroom23
3-Bedroom10
AffordabilityUnits
30% AMI6
40% AMI-
50% AMI16
60% AMI28
80% AMI-

AMI = Area Median Income

Estimated Development Cost

Total$16,495,285
Portland Housing Bureau$4,000,000

Development Team

  • Innovative Housing Inc., Sponsor/Owner/Developer
  • LRS, Architectural Partners
  • Bremik 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