City approves grants for redevelopment
- Mara Stine
- Gresham Outlook - News
Gresham urban renewal officials approved five grants that will be used to improve apartment complexes during a Tuesday, May 17, Gresham Redevelopment Commission meeting.
Apartment rehabilitation grants fund exterior improvements, usually security and safety-related upgrades, intended to spruce up buildings and grounds while minimizing police and fire calls to the property.
Grant payments, ranging from $5,000 to $30,000, are paid on a reimbursement basis after the work is completed and only pay half of eligible project costs.
The following grants were awarded:
• Andrea Place Apartments in the 400 block of Southeast 169th Avenue - $30,000.
• Rachel Anne Apartments in the 16300 block of East Burnside Street - $30,000.
• Rosewood Park Apartments in the 16800 block of Southeast Stark Street - $17,000.
• Patricia Anne Apartments in the 700 block of Southeast 187th Avenue - $14,000.
• Eastwood Apartments in the 17300 block of Southeast Stark Street - $12,000.
Urban renewal officials also approved a predevelopment services grant for up to $6,015 to Washington Real Estate Holdings LLC for predevelopment activities in the former Firestone building on the southeast corner of Northeast 181st Avenue and Wilkes Road.
The grant is intended to encourage development or redevelopment of underused and vacant properties within the Rockwood-West Gresham Urban Renewal Area. Grants fund half of eligible predevelopment costs for things like site assessments, financial and market analysis, as well as preliminary architectural and engineering plans.