Historic Rehabilitation Fund I

Portland OR


The Historic Rehabilitation Fund will provide real estate loans to redevelop historic properties located in distressed inner-city census tracts in Portland, Oregon. Projects will be chosen that are highly catalytic, with the potential to trigger significant adjacent redevelopment. Proceeds from historic rehabilitation tax credits, combined with NMTCs, will enable projects to proceed that would not otherwise be economically feasible.

CDFI Awards for Historic Rehabilitation Fund I


NMTC (2003) - $24,000,000

The Historic Rehabilitation Fund will utilize its NMTC allocation to offer below-market rate loans with preferential terms on historic rehabilitation projects. It will also be able to significantly expand its volume of activities in distressed tracts.



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