As we reported last week, the vacant lot at SE 72nd and Foster is slated for an affordable housing development. The project will bring 108 units of housing to the PDC-owned lot across the street from the Portland Mercado. What appears to be a four-story development will also include 10,000 square feet of commercial space and resident services from Asian Health & Services Center (AHSC).
REACH Community Development has been chosen to develop the site, and has been awarded $5 million to assist in the city’s goal to increase the supply of affordable housing.
Here’s what a (very) preliminary site concept look like:
As you can see, there will be 56 parking spaces tucked under and (presumably) behind the building. The tuck-under parking will line SE 72nd; commercial space will line Foster; additional parking appears to be on the south side of the development.
As per the Portland Housing Bureau (PHB), the 108 units will consist of the following: 66 studio, 18 1-bedroom, 15 2-bedroom, and 9 3-bedroom apartments. In addition to the housing, commercial, and health services space, AHSC will be using the community space for cultural and social gatherings and events. This should pair well with the Portland Mercado, where Latin American culture is promoted through commerce and community events across the street.
Here’s a brief description of the project from REACH:
“Designed as an intergenerational, mixed-use building, this project continues REACH’s commitment to partner with Asian Health & Service Center (AHSC) to address the un-met housing needs of low-income households within the most concentrated Asian American population in Oregon. 72Foster will include 108 housing units, ranging from studios to 3- bedrooms, creating permanently affordable housing serving both seniors and families, with rents affordable to residents earning approximately 60% or less of area Median Family Income (MFI), or less than $31,000 for a single-person household. The residential component will be combined with 10,000 sf of retail storefront to build on the success of Hacienda CDC’s adjacent Portland Mercado and the planned Foster Road streetscape improvements. Total project costs are estimated to be approximately $21.3 million.”
We’ve been told that, despite the preliminary rendering, design work has not yet started. With this being such a large and impactful project, we’ll cross our fingers that the design is thoughtful and adds to the positive energy of that corner of the neighborhood. Expect neighborhood meetings to be held welcoming community input.
We’ll keep you posted as we find out more.