LAS ADELITAS AFFORDABLE HOUSING DEVELOPMENT
September 24, 2019
Yesterday Mayor Ted Wheeler and Portland Housing Bureau’s Director Shannon Callahan announced a $16.2 million dollar Portland Housing Bond award to Hacienda CDC, making a long-hoped-for and planned redevelopment of the former site of the Sugar Shack (a strip club in the Cully neighborhood) a reality.
This award will be paired with an earlier award from the State of Oregon, which allocated $2 million dollars in Lottery Bonds to support this important community project.
Adelitas will be the largest redevelopment project in the Cully Neighborhood to date and the largest public investment in the NE Cully community. The redevelopment will include 141 homes, 8,000 square feet of community and commercial space, and an outdoor plaza. The total project cost is just over $50 million dollars, including acquisition and construction costs.
This outstanding success is the result of a wonderful community vision that started years ago. Community leaders attempted to buy the Sugar Shack several times with little success. In 2015, Hacienda, Verde, and Habitat came together to form Living Cully, LLC to buy the property with the support of CRAFT3, Prosper Portland and others. In 2017 Hacienda purchased the entire property to create affordable housing that is so desperately needed.
Las Adelitas will transform the former “Sugar Shack” strip club site from a public nuisance into a community asset. Las Adelitas will create and retain area jobs, provide housing and community spaces, and support economic opportunities to meet the needs of working families and people of color in the Cully neighborhood. Housing built on this site will be available to households earning 60% of Area Median Income and below. Through this effort, Hacienda will ensure that over 400 individuals, including those that are experiencing homelessness, will continue to afford to live in this community.
Hacienda’s efforts have been inspired by our community and supported by many. Specially, we want to thank the Meyer Memorial Trust, Business Oregon, Prosper Portland, Multnomah County, The Oregon State Legislature, Portland City Council, Portland Housing Bureau, Portland Bureau of Development Services, Portland Bureau of Planning and Sustainability, TRIMET, CRAFT3, Living Cully, Verde, Habitat for Humanity, NAYA, CHAT, Cully Boulevard Alliance, Raza Development Fund, the Cully Community and many, many more.
Thank you all for your trust, support and most importantly, for believing in us and our vision. Your investment will go a long way helping Portland become a more welcoming and prosperous city for everyone!
The Hacienda Team