New '72Foster' celebrates grand opening on Foster Road
Foster-Powell neighbors, and others who have simply driven past the construction going on at the corner of S.E. 72nd Avenue and Foster Road – just west of the Portland Mercado – have been wondering what was being built there. On April 29 they had the opportunity find out, on grand opening day.
The new building, called "72Foster", is an intergenerational mixed-use structure, serving seniors as well as families. It offers 101 apartments – and soon, a pizza parlor.
"This day is important to 'Reach Community Development Corporation', because this project – '72Foster' – has been the dream for our organization for some time," smiled its CEO, Dan Valliere. "72Foster provides what we need more of, every day: New affordable housing!"
In addition to "affordable housing", Home Forward (formerly known as the Housing Authority of Portland) has provided for twenty apartments at 72Foster "Project-Based Section 8" vouchers – with which residents will only pay 30% of their income in rent, a service to those with extremely low incomes.
"And, we're especially grateful to our partner, Asian Health and Service Center, which, in addition to providing on-site services to residents, has shared our vision for transforming a parking lot into this new community," Valliere told THE BEE.
Also present at the opening of the $24 million project were representatives of the Foster-Powell Neighborhood Association – including its communications volunteer, Sean McClintock, who said that while the association's Board hasn't taken a position on the development, "I think of you'd ask anyone on the Board, or any neighbor, they'd say this project is very welcome."We're already a diverse community; so, gaining more housing to support our neighbors who are getting displaced by increasing housing costs in the area is very positive."