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Portland is a Sanctuary City

73Foster Reaches Financial Closing

Blog Post
Rendering of 73 Foster, a new affordable housing complex with four stories.
REACH CDC have closed financing on their 73Foster project, which will bring 64 units of affordable housing to Foster-Powell, including 22 units of Permanent Supportive Housing. It is expected to open in late 2026.
Published
Portland Housing Bureau graphic showing a rendering of 73Foster overlaid on a map of PHB projects in Portland. Reads: "73Foster. Opening late 2026. 67 affordable units, studios to 3-bedrooms. 22 Permanent Supportive Housing units. Close to transit, groceries, schools, and parks."

PHB's partners at REACH CDC can now break ground on 73Foster, a new 64-unit affordable housing project. Funded by the Metro Housing Bond, 73Foster will include 22 units of Permanent Supportive Housing (PSH) for those exiting homelessness. It is expected to open in late 2026.

Residents will benefit from easy access to the 14 TriMet bus, culturally diverse retailers and groceries, schools, parks, and the Mt. Scott Community Center. REACH CDC will use Portland Clean Energy Community Benefits Fund (PCEF) dollars to install mini-split air conditioning and a solar array. The project will include 10 ADA accessible units, as well as a loading space that will make mobility easier for disabled residents.

The Foster-Powell development will be the 21st Metro Bond-funded project to break ground in Portland. The Bond is now exceeding all major goals and bringing 2,154 affordable homes to the city, with 712 now open and another 792 expected to open by the end of 2026.

The project was designed by Holst Architecture and Walsh Construction Co. will serve as general contractor. Community Vision will provide services for PSH residents.

Learn more about 73Foster.

Learn more about the Metro Housing Bond.

Learn more about PHB's PCEF strategy.

Portland Housing Bureau graphic reading: "Metro Housing Bond: Portland Score Card. GOAL: 1,475 TOTAL UNITS  - EXCEEDED: 2,154+ UNITS. GOAL: 300 UNITS OF PSH - EXCEEDED: 393+ UNITS. GOAL: 737 FAMILY-SIZED UNITS - EXCEEDED: 988+ UNITS. GOAL: 605 UNITS AT 30% AMI - EXCEEDED: 688+ UNITS. $211 million = affordable homes for 5,300+ Portlanders. All funds allocated or earmarked, additional units TBA."
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