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Oregon cities net nearly $2M to develop, preserve affordable housing

Portland and Sherwood are among communities in Oregon to receive federal grants for affordable housing, similar to the Starlight apartments affordable housing project that opened in Portland in 2022. Courtesy rendering: Central City Concern

The Portland Tribune is a KOIN 6 News media partner.

PORTLAND, Ore. (PORTLAND TRIBUNE) — Portland and Sherwood are among five cities in Oregon to receive, between them, nearly $2 million in federal grants to develop and preserve affordable housing, revitalize and sustain neighborhoods, and create jobs in communities.

The grants come from NeighborWorks America, a public nonprofit organization established by Congress in 1978. It supports local and regional nonprofit organizations that collaborate with private-sector business leaders and representatives of local government to create neighborhoods.

The grants include:

“NeighborWorks America is an amazing network of local community development organizations,” said Daniel Valliere, CEO of REACH CDC. “NeighborWorks has been a big contributor to REACH’s success in creating and sustaining over 2,700 affordable rental homes and helping thousands of low-income homeowners throughout our history.”

The grants were announced Thursday, March 12, by the offices of U.S. Sens. Ron Wyden and Jeff Merkley.

Wyden said the grants are needed “to combat the ongoing housing crisis in the Metro area, Central and Southern Oregon.”

With prices on the rise in many sectors of the economy, “it’s critical that our country prioritizes quality, affordable housing,” Merkley said.