Blanchet House launches $13M green building project in Portland
By Christina Williams
Editor, Sustainable Business Oregon
Blanchet House will go green with its new facility.
A new homeless facility kicked off construction Thursday with financing from U.S. Bank, United Fund Advisors and the city of Portland.
The Blanchet House of Hospitality's new $13 million facility in Old Town Chinatown will feature an array of sustainability features, including a rain water collection system, which will be funded by a $25,000 pledge from U.S. Bank.
U.S. Bank provided $3.7 million in commercial loans and U.S. Bancorp Community Development Corporation, a subsidiary of U.S. Bank, committed more than $3.6 million of New Markets Tax Credit equity in partnership with National Community Fund I LLC, a subsidiary of United Fund Advisors. The Portland Housing Bureau funded another $4 million in grants. Blanchet House staff is raising the balance of the funds through a capital campaign.
The new facility is going up on city-owned land at the corner of N.W. Third Avenue and N.W. Glisan Street on the same block as the current Blanchet House, which is more than 100 years old.
The four-story structure will pursue LEED Gold certification.
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