Nicole Sandoval Building Project in Northeast Portland Advances
The Nicole Sandoval Building, a 78-unit affordable housing project in Northeast Portland, is under construction, with completion expected by January 2028. The development aims to support low-income residents amid rising living costs in the area, with 22 units reserved for individuals earning up to 50% of the area median income.
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Construction of the Nicole Sandoval Building at 5015 N.E. Eighth Ave. in Portland will provide 78 affordable housing units, with 22 designated for residents earning up to 50% of area median income. The project, which includes a five-story structure with 35 two-bedroom units, 39 one-bedroom units, and four studios, is part of Sabin CDC's efforts to counteract gentrification and retain long-term residents.
The project's funding sources include Heritage Bank, Beneficial State Bank, and the U.S. Department of Housing and Urban Development, among others. Sustainability features are integral, such as a ground source heat pump and a solar array, targeting high-performance certifications.
Construction costs are estimated at $36 million, with deconstruction of the previous Avenue Plaza buildings already underway. The project will foster energy efficiency and resilience, aiming for NGBS certification.
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