City backs timber high-rise with $6M in affordable housing funds

By Jon Bell
Portland Business Journal
November 7, 2017
Category: Wood, Paper & Green Building
Region: United States, US West

The Portland project being billed as the first new high-rise in the country constructed out of wood has landed $6 million from the Portland Housing Bureau for the building’s 60 affordable housing units. In a release, Home Forward, local developer project^ and the team behind the Framework building announced that PHB had awarded the project $6 million from its Fast Starts program. That initiative helps speed up construction of affordable housing units. “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 the release. “This project not only reflects Oregon’s leadership in the newly emerging wood products industry of Cross Laminated Timber, it also demonstrates our city’s commitment to finding innovative ways to quickly deliver affordable units during our housing crisis.”

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