Portland Development Agency Opens New Low Income Senior Housing
Wednesday, July 15, 2015
Gilman Court
As part of the grand opening celebration on July 20, Congressman Earl Blumenauer, City Commissioner Dan Saltzman and Bank of America Merrill Lynch President Roger Hinshaw will serve as the event’s keynote speakers.
The new development is a 60 unit residential building that will allow seniors easy access to on-site, door-to-door transit transportation. Gilman Court is a low income based community that sets rental prices in correspondence with the resident’s Median Family Income (MFI). For single-household seniors who earn between $15,000 to $30,000, the rent can range from $325 to $605 per month, which is approximately 30-60 percent of the MFI.
In addition to affordable housing, REACH will be providing property management services and amenities, including outdoor space, a community courtyard, as well as other features to aid seniors living in the community.
The development team for Gilman Court includes Carleton Hart Architects, the Housing Development Center and R & H/Colas Construction. The funding for the development project was provided by Bank of America Merrill Lynch, Enterprise Community Partners, Network for Oregon Affordable Housing (NOAH), Oregon Housing and Community Services and the Portland Housing Bureau.
REACH has been around for 33 years, providing affordable housing for low-income community members. The agency has previously won state and national awards for its creative and innovative housing development.
The grand opening will begin at 3 p.m. and will be located on 610 NE 99th Ave. Parking will be available at Elks Lodge on 711 NE 100th Ave.
Related Slideshow: Oregon Business Rankings in US
See how Oregon stacked up against the other states in the U.S.
Related Articles
- Jobs and Businesses Boom in Downtown Portland
- Oregon Gets Middle Marks for Business Friendliness
- Oregon Officials and Businesses Give Support For Pro-Solar Legislation
- The 14 Biggest Business Stories of 2014
Delivered Free Every
Follow us on Pinterest Google + Facebook Twitter See It Read It