Posted Jun 11, 2017, 9:53 PM
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Join Date: Jan 2009
Location: Portland
Posts: 7,405
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Quote:
Historic apartment building wins national award
As affordable-rate units expire or are built over, the city of Portland desperately struggles to retain — or build more — low-income housing with a variety of strategies that in this case, won a national award.
The Bronaugh Apartments, a historic three-floor building located at 1434 S.W. Morrison St., won the 23rd annual Charles L. Edson Tax Credit Excellence Award in the HUD Preservation Category. The building is home to elderly and disabled Oregonians who live on fixed incomes.
REACH Community Development Corporation (CDC) accepted the award in Washington, D.C., in early June.
"The Bronaugh Apartments are a prime example of how the low-income housing credit helps preserve affordable homes to Americans who need it the most," said U.S. Senator Ron Wyden. "REACH did an outstanding job of leveraging the housing credit to attract public and private investments critical to ensuring that more Oregon families, seniors and veterans would have a roof over their head and be safe. Congratulations to all of the partners involved on this well-deserved national recognition."
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...continues at the Business Tribune.
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