HDC Community Fund Loans

160th Avenue Emergency Family Shelter
 

About our loan recipient: Based in East Portland, Human Solutions eliminates barriers to escaping poverty through emergency family shelter, job training, affordable housing, eviction prevention, and emergency household assistance. Human Solutions stops the cycle of poverty by offering key opportunities: homes, jobs, and help during a crisis.

About this project: Responding to a City-declared housing state of emergency, Human Solutions moved quickly to acquire a blighted commercial property—a former vegan strip club at Southeast 160th Avenue and Stark Street—and convert it into Multnomah County’s first year-round, 24/7 emergency family shelter. The shelter provides 130 urgently needed beds for kids and adults, plus laundry facilities, showers, a computer lab and indoor and outdoor play areas. It replaces and improves upon Human Solutions’ inadequately sized winter warming center, located a few blocks away.

Why we're invested: Human Solutions had obtained provisional loan and grant commitments totaling $697,000 from Multnomah County and Metro to complete the $950,000 property acquisition and cover an estimated $450,000 in rehab and other costs. But the agency needed to fill a $700,000 financing gap by the property seller’s October 31 purchase-option deadline. HDC’s long relationship with Human Solutions, as both a development consultant and lender, enabled us to swiftly assess the project’s funding worthiness and approve Human Solutions’ application within a month (it took one additional month to close).

Return to Loans page.