St. Vincent de Paul and non-profit coalition Living Cully, in partnership with the City of Portland, have completed the acquisition and rehabilitation of Oak Leaf Mobile Home Park, located in Northeast Portland’s Cully neighborhood. This project was financed by the Housing Bureau at the request of City Council after Oak Leaf residents discovered that the owner was selling the park in 2016. The Oak Leaf originally contained 34 total spaces, of which 27 were occupied at the time of an initial census. Due to safety and zoning, the site only allowed for 22 units following park improvements.
The Oak Leaf project was completed in two phases: first, acquisition of the park to preserve its affordability, followed by rehabilitation to improve onsite environmental conditions, complete major infrastructure requirements including electrical and sewer work, and remediate traffic flow inside the park. St. Vincent de Paul will serve as the long-term owner and operator of this low-income rental community.
The City’s funding leverages approximately $2 million of other public and private financing from Oregon Housing and Community Services, Oregon Community Foundation, Multnomah County, Bank of America, Energy Trust of Oregon, and NOAH. The Oak Leaf is the first mobile home park in Portland to be owned by a non-profit organization for preservation as affordable housing.
Building Profile
Project Type | Acquisition/Rehabilitation |
---|---|
Location | Cully |
Regulated Units | 22 |
PSH Units | - |
Total Units | 22 |
Status | Open |
Bedroom Size | Units |
---|---|
Studio | - |
1-Bedroom | - |
2-Bedroom | 22 |
3-Bedroom | - |
Affordability | Units |
---|---|
30% AMI | - |
40% AMI | - |
50% AMI | - |
60% AMI | 22 |
80% AMI | - |
AMI = Area Median Income
Estimated Development Cost
Total | $5,269,585 |
---|---|
Portland Housing Bureau | $3,213,319 |
Development Team
- St Vincent de Paul, Sponsor / Developer
- Bergsund, DeLaney Architecture and Planning, Architect
- Meili Construction, General Contractor