Oregonian Features Portland Preservation

On Sept 29, the Oregonian featured an article on the preservation of Uptown Tower, a 71-unit property with project-based Section 8 rental assistance in Southwest Portland. With the contract for that rental assistance expiring in 2013 and an increasing demand for housing in the area near Jeld-Wen Field, the risk was high that the property would convert to market-rate housing. Portland Housing Bureau Commissioner Nick Fish included the property in his “11x13’ initiative to preserve 11 large buildings with project-based Section 8 contracts, all expiring in 2013. The city, state, and other funders, including NOAH, contributed money to preserve six of these 11 properties thus far. Preservation of the remaining five is still likely before their 2013 expiration dates. A grand opening party at Uptown Tower is scheduled for October 7. Click here for the Oregonian article.

— Posted on 10/03/2011