Reach CDC, a nonprofit affordable housing development and property management company, is poring over citizen suggestions proffered at a January 21 community visioning workshop to determine how best to develop more than two acres owned by TriMet at 2133 N. Argyle in the Kenton neighborhood. Reach said the new development would contain a mix of affordable and market-rate housing with some commercial space.
Reach characterized displacement of low-income people from housing in North Portland as “alarming” and said the North Argyle Street property development will help meet the housing need in the area. Portland’s Housing Bureau awarded Reach $10 million to aid in financing the affordable housing. Early in the pre-development process, the project is tentatively slated to include 215 apartments made up of 150 affordable and 65 market-rate units, along with 15,000 square feet of retail space.
Reach CDC, started in 1982 in response to neighbors’ concerns about deteriorating housing conditions in Southeast Portland, today owns and manages 2,131 units of affordable housing located across the metro area.