Media Advisory
| Contact: Shawn Uhlman, PDC 503-823-7994 |
May 14, 2008
Innovative And Sustainable Shaver Green Project Groundbreaking
| WHAT: | Citizens are invited to get the first look at architectural drawings and plans for a new affordable and workforce housing project located on Martin Luther King, Jr., Boulevard. |
| WHEN: | Friday, May 16 at 12:30 p.m. |
| WHERE: | Shaver Green project site 4011 NE Martin Luther King, Jr., Boulevard |
| WHY: | This LEED Gold certified housing project is a partnership of state and local public and private partnerships. When completed in fall 2009, this project will bring an innovative, sustainable affordable and workforce housing to the heart of NE Portland. |
| MORE: | PDC provided just over $3.1 million of the construction costs to this project with $2.1 million coming from Interstate Corridor Urban Renewal Area funds and $1 million coming from federal HOME funds. The total project cost is approximately $16 million. Per City Council directive, 30 percent of all tax increment funds (TIF) in an urban renewal area must be set aside for affordable housing. The units at Shaver Green will contribute toward the Interstate Corridor Urban Renewal Area’s TIF set aside goals. The new building will feature 85 units of affordable and workforce rental housing. |
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Portland Development Commission | 222 NW Fifth Ave | Portland, OR 97209-3859
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