Built during World War II as temporary housing for shipyardworkers, the 470-unit complex is the single largest subsidizedhousing development in the state. The grant will leverage a $150million renovation of the project from a specifically low-incomeproject to a mixed-income development that proponents hope willbetter blend with the surrounding community.

Additional financing for the project includes $20 million fromthe City of Portland, $5 million in federal Community DevelopmentBlock Grant funds, and $15 million in urban infrastructure funds.Construction is slated to begin next year and take several years tocomplete.

The funding will be used to replace obsolete housing units anddiversify the types of housing and income levels within thecommunity. It will also provide self-sufficiency and home ownershipopportunities for public housing residents in the Portlandarea.

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