W&R Affordable Homeownership

Portland, OR
2026

The Williams and Russell Affordable Homeownership project provides critical “missing middle” housing for low- and moderate-income families and individuals affected by displacement and gentrification.

Overview

Idea

Develop 20 homes in a mix of “missing middle” housing types in a townhouse style development. The units will be accessible to buyers within the 60%-120% AMI.

Implementation

The townhomes will strive for a Earth Advantage Platinum certification and prioritize first-time homebuyers who were most impacted by displacement from Legacy Emanuel Hospital expansion. The project will also aim for 30% target participation through design and construction.

Results

The townhomes were conceptualized using a community-led design process and will provide community reparations to those impacted by the hospital expansion by utilizing the Portland Housing Bureau preference policy.

W&R Affordable Homeownership Project

Townhome-Style Development

Landscaping in Front of the Homes

Private Backyard Gardens

Two- and Three-Bedroom Homes

Highlights

Secured $4.1M in funding from Oregon Housing and Community Services (OHCS)
Secured $3.8M from the Portland Clean Energy Fund (PCEF) for a 115 kW solar array and energy efficiency measures
Secured a $5.1M construction loan
Secured $1.5M in equity investments
Led a multi-phased engagement plan with 100+ participants to create a community-informed design

Project
Details

Role
Fee Developer

Program
Affordable Housing
Homeownership

Location
Portland, OR

Partners
Williams & Russell CDC
Portland Housing Center
Oregon Housing & Community Services
Portland Clean Energy Fund
Portland Housing Bureau
OnPoint Credit Union
Meyer Memorial Trust

Building Area
29,200 SF

Total Estimate
$18.1M

Sustainability Goal
Earth Advantage Platinum
ETO Path to Net Zero

Equity Goal
30%

Status
Pre-Development

Completion
2026