July 3, 2016
By Steven Wishnia and Neal Tepel
Portland, Oregon – When the Oregon AFL-CIO builds its new Portland offices next year, it plans to include up to 120 units of affordable housing.
The federation hopes to get funding for the $28 million project from the AFL-CIO Housing Investment Trust and federal low-income housing tax credits, and intends to hire a developer that uses union labor. The Oregon AFL-CIO Executive Board voted unanimously to begin planning for the project. If the 120 units were built, 96 would be slated for income levels of about $31,000 a year for single people (roughly $775 a month rent) and $44,000 for a family of four ($1,100 rent). The rest would cost about one-third more. “Finding developable land for affordable housing is really hard in Portland right now,” said Emily Johnstone, business development director for the Housing Investment Trust. “This is an example of labor giving back to the community by using its real estate to create affordable housing and also creating jobs that can support a family.” Read more