Bonamici, Wyden, Merkley Announce $4.5 Million Federal Investment to Increase Housing Climate Resiliency
Two Portland apartment complexes to benefit
Washington D.C. – RealEstateRama –U.S. Senators Ron Wyden and Jeff Merkley with U.S. Representative Suzanne Bonamici today announced a federal investment of $4.56 million to retrofit two apartment complexes in Portland with climate resilient materials and to reduce greenhouse gas emissions.
“As the climate continues to change, we must adapt to make housing more livable while continuing to reduce our carbon footprint,” said Congresswoman Suzanne Bonamici. “I’m grateful to have helped secure funding for two affordable apartment complexes in Portland to retrofit their buildings to become more resilient, sustainable, and comfortable for residents.”
“The fight against the climate crisis demands an all-out attack,” Wyden said. “Not only should new housing be developed with climate goals in mind, but existing housing must be upgraded to help get to a zero-emission future. This federal investment will do just that, and I will continue to fight for expanded resources that help similar projects across Oregon.”
“Everyone should have a safe, decent roof overhead, and bold federal investments in housing units in Oregon and across America are a win-win for our communities and environment,” Merkley said. “This multi-million-dollar federal investment in Portland will help us tackle the dual crises of climate chaos and housing by retrofitting two apartment complexes. Investments like this help us advance the clean energy economy, improve public health, and reduce carbon pollution, all at the same time.”
The federal investment is through the U.S. Department of Housing and Urban Development’s Green and Resilient Retrofit Program, and will be distributed as follows:
- Wheeldon Admiral, LLC – Downtown Portland: $2.96 million
- Powell Boulevard Apartments, Inc. – Southeast Portland: $1.6 million
“The climate crisis is upon us, but we can do our part. With this incredible support from HUD’s Green and Resilient Retrofit Program, we can make our properties greener, more energy-efficient, and resilient to climate impacts,” said Margaret Salazar, Chief Executive Officer, REACH CDC. “This funding allows us to make essential capital repairs, improve the livability for our residents, and contribute to broader green energy goals. We’re just getting started, and in the coming years, we plan to go even bigger on this crucial work to renew, preserve, and green our housing for the future.”
A web version of the release is here.
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