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Oregon CLT Project Awarded $6 Million To Construct Affordable Housing

The Framework: Home Forward project and the Framework team recently announced that it has been awarded $6 million to develop 60 units of affordable housing in what will be the first high-rise structure in the U.S. made from wood and the first earthquake-resilient building of its kind in America.

The funding award came through the Portland Housing Bureau’s Fast Starts program — a city initiative designed to get shovel-ready affordable housing units built as quickly as possible to react to our city’s housing crisis.

“By investing in Framework, our city will now be home to the first skyscraper made from wood in the United States,” Portland Mayor Ted Wheeler said in a statement released Tuesday. “This project not only reflects Oregon’s leadership in the newly emerging wood products industry of Cross Laminated Timber (CLT), it also demonstrates our city’s commitment to finding innovative ways to quickly deliver affordable units during our housing crisis.”

“Framework was selected as a Fast Starts project after a rigorous process under the city’s new effort to mobilize resources quickly to alleviate the housing crisis,” said Portland Housing Bureau Director Kurt Creager. “Because so many partners have also contributed to make this important project a reality, we have a great opportunity to begin using this innovative technology in Portland to create more resilient, sustainable, and affordable housing.”

Framework, which received building permit approval in June 2017, was selected for its project readiness, alignment with the city’s equity goals, ability to leverage city funds, new partnerships and philanthropic incentives, and innovation in sustainable materials and earthquake resilience.

From the Portland Patch: https://patch.com/oregon/portland/portland-awarded-6-million-construct-affordable-housing-unit

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