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The Portland Housing Bureau, via the Last Gap Round Two solicitation, has awarded $4.1 million in Metro Affordable Housing Bond funds and $600,000 in Multnomah County general funds to a new affordable housing development: the Jade.
The Jade Apartments will bring 40 new affordable housing units to the Powellhurst-Gilbert neighborhood, between 82nd Ave. and I-205. Co-developed by APANO and Gorman & Company, the Jade will be located in the heart of the Jade District, a major Asian-American business and cultural center, and in the vicinity of frequent high-capacity transit, schools, shopping, and various other amenities.
26 units will have two or three bedrooms to accommodate larger households, and five units will be regulated at 30% AMI for extremely low-income households. Project amenities include two courtyards, a community garden, a play area, a community room and kitchen, as well as management and resident services offices, and 31 parking spaces. Outreach will target Asian and Pacific Islander households. APANO, whose main offices are located nearby, will provide culturally-specific services for residents.
"APANO is thrilled to partner with Gorman & Company to bring 40 units of family friendly affordable housing to the Jade District," says APANO Community Development Director Duncan Hwang. "This project advances an ambitious community created vision for the district supported by the EPA's Greening America's Communities program that will help keep our community rooted in place."
The development team plans to include a solar array, net-zero ready designation, green building materials, 50-year roofs, and a high-efficiency HVAC system as part of the project's commitment to sustainability.
“We are truly excited and grateful to our non-profit partner APANO, and our financing partners who are committed to joining us on this impactful journey. The Jade is just the first step in addressing the critical housing needs of this community” said Kevin Kellogg, Pacific Northwest Market President for Gorman & Company. “We would especially like to thank PHB, Metro, OHCS, NOAH, Home Forward and Raza Development Fund for their commitment to affordable housing and preservation.”
PHB will be announcing further Metro Housing Bond awards from the Last Gap Round Two solicitation in the near future.