Portland, OR – This afternoon, elected officials and leaders from state and local government joined affordable housing developer Related Northwest and partner Central City Concern to celebrate the completion of Crescent Court Apartments, 138 new affordable housing units for low and very low-income families at 30% - 60% Area Median Income (AMI). Seven units are designated as Permanent Supportive Housing for individuals who are homeless or at risk of homelessness. Located at SE 115th and Division Street, the 2.04-acre development is located on a main thoroughfare served by mass transit systems and along the PBOT Outer Division Improvement Plan.
The development is comprised of studios, one-, two- and three-bedroom apartments. Rents range from $341-$1,410 per month. Common area amenities include a community room with kitchen, shared laundry, internet stations, teen room, playground, on-site parking, and picnic area with barbecue.
Crescent Court Apartments is the second affordable development from Related Northwest and Central City Concern and located across the street from Cedar Commons, the partnership’s inaugural affordable development. Central City Concern (CCC) helps those struggling with life’s biggest problems to end or avoid homelessness and build healthy, housed resilient and engaged lives. They will provide intensive on-site social services.
“As the Portland metro region continues to face an affordable housing crisis, we’re thrilled to be opening Crescent Court Apartments in partnership with Related Northwest, offering a supportive housing community for very low-income families, communities of color, immigrants and refugees,” says Central City Concern’s CEO & President Rachel Solotaroff. “Crescent Court Apartments is exactly the kind of solutions-oriented development our community needs. With myriad of on-site social services and after-school programs, Crescent Court Apartments will provide a compassionate, welcoming environment for families, children and those most in need in our community. We say welcome home!”
The Boys & Girls Clubs of Portland will inaugurate their new 1,700 square foot club inside Crescent Court Apartments and provide a safe and positive place for neighborhood kids, and free after-school activities for school-aged residents.
“We are very excited to open our very first clubhouse co-located in an affordable housing community,” said Terry Johnson, CEO of Boys & Girls Clubs of Portland. The collective impact we will be able to create for Crescent Court families alongside our collaborative community partners will be transformative. This is a model that will serve the whole child, family, and community where social emotional needs will be met on every level."
Outreach and leasing assistance will be provided by The Immigrant and Refugee Community Organization (IRCO.
50% of the apartments at Crescent Court are two and three-bedroom units, in response to the area’s high demand for family and multi-generational housing. Crescent Court Apartments is located a few hundred feet from David Douglas School District’s Title 1 West Powellhurst Elementary School. Approximately 400 students in the David Douglas School District are homelessness.
“This development is a testament to the partnership that private and public entities can make in ensuring that all people have a safe and affordable place to live. Addressing Portland’s affordable housing shortfall is a key part of Related Northwest’s mission, and we are committed to stabilizing school-aged kids and their families with safe and affordable housing,” said Stef Kondor, Senior Vice President, Development Related Northwest.
Funders of the development include Portland Housing Bureau, Oregon Housing & Community Services, Enterprise Housing Credit Investments, US Bank, and Multnomah County’s Joint Office of Homeless Services, and PGE Renewable Development Fund and their Green Future.
ABOUT RELATED NORTHWEST
Related Companies is a fully-integrated real estate firm that develops multifamily residential and mixed-use properties. Related has acquired and developed affordable communities along the West Coast for more than 32 years, completing more than 18,000 units of affordable housing, ranging from low and moderate-income townhomes to luxury, high-rise apartments. All Related properties are designed, built and managed to the highest standards, regardless of the income level served. Related prides itself on consistently developing best in class communities that represent industry benchmarks in design, construction, sustainability and property management.
In 2018, Related’s affordable housing footprint expanded into the Pacific Northwest. Crescent Court Apartments is Related Northwest’s second completed development in the Portland metro area. The company has 255 units under construction and more than 376 in predevelopment. Related Northwest has continued the tradition of partnering with local organizations and jurisdictions with the unwavering commitment to deliver high-quality affordable housing for low-income individuals and families throughout the Northwest.
ABOUT CENTRAL CITY CONCERN
Located in Portland, Oregon, Central City Concern (CCC) provides a comprehensive continuum of affordable housing options integrated with direct social services including health care, recovery and employment. Founded in 1979, CCC has a staff of over 1,000 and an annual operating budget of $95 million. CCC serves more than 13,000 individuals annually. Up to 12,000 people across the tri-county region are affected by homelessness.