At the start of the month, Maxine Fitzpatrick, executive director of Portland Community Reinvestment Initiatives (PCRI), presented the Pathway 1000 Implementation Plan before Mayor Ted Wheeler, Commissioners Amanda Fritz and Chloe Eudaly, community members, and a host of PCRI staff and board members.
Fitzpatrick’s purpose of implementing the Pathway 1000 initiative is to restore involuntary displacement by building 80 homes per year over the next ten years, totaling 800 homes for purchase and 200 rentals in North and Northeast Portland.
During the presentation, Fitzpatrick proposed that the city adopt the plan as a model replicable for future projects around Portland to “mitigate and rectify the damage done to our most vulnerable community members, elderly African Americans, and African Americans displaced from their homes due to Portland’s ongoing gentrification crisis.”
Nan Stark, Northeast district liaison of the Bureau of Planning and Sustainability explains,“The Pathway 1000’s holistic approach to individual and community wealth building includes the development of affordable housing for home ownership. The community benefits from the creation of long-term jobs, affordable commercial spaces, and related positive economic impacts.”
Since inception in 1992, PCRI has acquired endangered homes, helped families secure conventional mortgages to repurchase them, and retained other properties as long-term affordable rentals.
Please contact PCRI for more information.