Ground broken for 80-unit affordable apartment building in Northwest Portland

The Portland Housing Bureau has broken ground on a Northwest Portland housing project that will bring 80 affordable apartments to an area near Union Station.

During a ceremony on Monday, the bureau announced the beginning of the latest phase of The Yards project, a multiphase residential and retail redevelopment project that will transform a seven-acre brownfield behind Union Station.

The first three phases are complete and have brought 535 new, mixed-income housing units to Portland. The first phase began about 15 years ago. The latest phase will add 80 residential units to the project, and its construction is expected to cost $15 million.

The Housing Bureau invested more than $4 million in River District Tax Increment Funds for the latest phase, and also offered a 10-year tax exemption. The project is also expected to create more than 200 construction jobs, and will result in a LEED silver-certified building.

Specifically, the new building will create six studios, 48 one-bedroom apartments and 26 two-bedroom units with 48 parking spaces. A community room, lounge area and fitness center will be built on the ground floor, and free bicycle and other storage spaces will be available.

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Ground broken for 80-unit affordable apartment building in Northwest Portland