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How DO federal tax credits produce affordable housing?

Tax Credit InfographicAffordable housing costs the same as market-rate housing to build, so to keep rents low nonprofit developers have to find ways to lower costs to pass on the savings to our residents.

To keep rents affordable, developers compete for subsidy funds in the form of tax credits.

And that’s when things get really complicated.

To better understand how this complex process works, we developed a handy infographic to help us navigate this windy road.

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Advocating for REACH’s Values

The Oregon legislature will be considering many bills that would increase access to stable and affordable housing.  REACH is working as part of the Oregon Housing Alliance and the Oregon Opportunity Network to advocate for these initiatives.  REACH is making two trips (March 22nd and May 18th) to Salem to advocate to state legislators with the Housing Alliance.  If you are interested in going to Salem as part of a REACH advocacy team, please let… Read More »

Celebrating Residents’ Hard Work

Recently, REACH recognized residents who completed our adult programs and celebrated their accomplishments over the past year. The programs available at REACH are about learning and achieving goals like strengthening personal and community leadership skills, preparing for employment, increasing financial health, and saving to attain long-term assets like a college degree, small business, or home. It was a great opportunity for residents to share what they had… Read More »

A Penny Saved

Youth$ave banking tripREACH’s Youth$ave program is an IDA (Individual Development Account) financial education course designed to teach REACH youth, ages 9-18, the importance of saving, budgeting, critical shopping and positive credit management. REACH matches the money saved, in addition to what they earn through community service activities, 2:1. At the end of the program, youth are able to purchase educational, artistic, athletic, or entrepreneurial activities- enrichment and learning… Read More »

Community Builders Makes the News!

A Community Builders project was featured in a KGW news segment around the Portland Housing Report, released in early December.

Thanks to CBP and a generous in-kind labor donation from Joseph Ketner Construction, Claire & Jack Lamme received a new wheel chair ramp that will help them age safely in their home. The longtime senior homeowners live in the Lents community, a neighborhood of SE Portland at risk of gentrification and displacement due to rising housing… Read More »

STARTS Graduates Raise Dough for JOIN!

STARTS Bake SaleSTARTS is a 6 week leadership development workshop that is offered at several REACH properties each year. Each session brings residents together to share their ideas about what it means to be a leader, discuss their vision of a healthy community, and build communication and leadership skills. At the end of the workshop series, each STARTS group selects and plans a community service activity.

The participants of our most recent STARTS group at Allen Fremont Plaza… Read More »

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