• detail image of project

    Financing: $6.15 Million for Mixed-Use, Affordable Housing Development

  • detail image of project

    Financing: $6.15 Million for Mixed-Use, Affordable Housing Development

Palindrome Communities, LLC – Oliver Station

Oliver Station is a new, mixed-use development currently under construction in Portland, Oregon. Once complete, it will include 126 units of affordable rental housing and 29,500 square feet of commercial space. Sponsored by Palindrome Communities, LLC, Oliver Station will bring housing and jobs to a severely distressed area of the city.

Clearinghouse CDFI provided $6.15 million in financing for the development of Oliver Station. The new, mixed-use property will provide affordable housing options for Portland’s low-income residents and establish several commercial retail spaces for businesses.

Read the full story here: Just Funded – Palindrome Communities, LLC

Financing Provided:
$6.15 Million
Location:
Portland, OR
Impact:
Redevelopment of 126 affordable housing units and 29,500 square feet of commercial space
Purpose:
To provide housing options for low-income residents and several commercial retail spaces for new businesses in a distressed area
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