Expanding Pathways to Homeownership in Portland
Expanding Pathways to Homeownership in Portland
This week, OregonLive highlighted an important milestone for Portland’s housing future—the launch of the Rose City Fund, a partnership between REACH Community Development, Brick by Brick Housing Corp (B3), and the Housing Partnership Network.
Together, we’re working to transition dozens of long-time rental properties into affordable, owner-occupied homes for current tenants and first-time buyers.
Many of these homes have deferred maintenance and require critical repairs before they can be safely and affordably financed. Through the Rose City Fund, we’re investing in those repairs—stabilizing roofs, systems, and foundations—so families can purchase homes that are sound, sustainable, and built for the next generation.
It’s about giving residents the chance to own the place they’ve long called home, while preserving affordability and ensuring these houses remain assets—not burdens—for the community.
We’re proud to partner with REACH to make this vision real.
One home at a time, Brick by Brick.
REACH Community Development Housing Partnership Network
Homeownership Achieved in Portland
This outcome reflects what intentional, nonprofit-led partnerships can achieve.
After 53 years in her home, Cheryl is now a homeowner. Her words capture the impact best: “I feel like I lost a thousand pounds now that it’s not hanging over my head. This is mine.”Through our partnership with REACH and the Housing Partnership Network (HPN), Brick by Brick helped structure and execute a resident-first strategy that prioritizes homeownership.
B3’s role has been to align capital, asset strategy, and execution with mission, ensuring long-time residents have a viable, supported path to ownership.
This work required coordination across acquisition strategy, affordability structuring, and resident transition support. The result is not just a successful transaction, but a permanent outcome: a neighbor remaining in her home, with ownership and dignity secured.
We are proud to partner with REACH Community Development and Housing Partnership Network on this project and to demonstrate that scalable, nonprofit-controlled housing models can deliver real, measurable impact.
🎥 Watch Cheryl’s story here: https://lnkd.in/gvG8UWWu
The Power of Partnership in Affordable Housing
At Brick by Brick (B3), we recognize that tackling the affordable housing crisis requires collaboration, strategy, and a shared commitment to making homeownership accessible. One of our most impactful disposition strategies is partnering with nonprofit housing organizations that rehabilitate properties and sell them directly to families. Since 2022, we've sold 29 properties to these mission-focused partners, transforming underutilized properties into vibrant homes and expanding affordable housing opportunities.
Currently, we have 8 additional properties under contract with nonprofits, set to close within the next 60 days, further multiplying the positive impact of these collaborative efforts.
✅ Expanding homeownership opportunities through nonprofit-led rehabilitation.
✅ Ensuring quality renovations that make homes safe, modern, and sustainable.
✅ Increasing affordable inventory by prioritizing owner-occupied sales over investor acquisitions.
✅ Amplifying community impact through strategic alliances with mission-driven partners.
At B3, we understand that our impact grows exponentially through collaboration. By aligning with organizations that share our values, we not only restore individual homes—we actively create transformative pathways to homeownership and community revitalization.
🏡 Affordable housing isn't just about buildings—it's about people, partnerships, and lasting community impact.
📍 Check out a couple example above
#AffordableHousing #BrickByBrick #CommunityRevitalization #Homeownership #HousingForAll #NonprofitPartnership #ThePowerOfPartnership
Focused on the Mission—
Brick by Brick (B3) started this year with a clear purpose: transforming properties and revitalizing neighborhoods.
In just the first two months, we've renovated and sold 19 homes, significantly contributing to local community stability and promoting sustainable homeownership.
🏘 Building Sustainable and Resilient Communities: Our projects are intentionally designed to foster neighborhood stability through strategic renovations that enhance property values, encourage community engagement, and support long-term residential ownership. We aim to create cohesive communities that offer residents economic security and an improved quality of life.
🔑 Turning Long-Term Rentals into Family Homes: We actively transition properties historically used as rental units—often for decades—into owner-occupied homes. Our comprehensive renovations modernize these homes, address deferred maintenance, and prioritize affordability for first-time homebuyers and families looking for stable housing solutions.
🛠 Revitalizing Distressed Homes: We specialize in identifying neglected or abandoned properties and meticulously restoring them to modern, affordable standards. This targeted rehabilitation not only revives individual homes but also positively impacts entire neighborhoods by reducing blight, enhancing local property values, and attracting further community investment.
We invite you to collaborate with us in expanding affordable housing and building stronger neighborhoods—one home at a time.
#AffordableHousing #Homeownership #CommunityDevelopment #UrbanPlanning #RealEstateInvestment #BrickByBrick
Brick by Brick buys 10 CH affordable housing properties
Brick by Brick, a housing group, purchased 10 properties in Columbia Heights for affordable housing in the wake of a lawsuit against the previous operator, Havenbrook. The Columbia Heights City Council unanimously approved a series of rental license exemptions for four of these properties.
Brick by Brick is an organization with offices in Minneapolis whose goal is to increase affordable housing in order to build generational wealth for residents, per the meeting packet. They emphasize families at or below area median income, families of color and first generation homebuyers.
Brick by Brick, a housing group, purchased 10 properties in Columbia Heights for affordable housing in the wake of a lawsuit against the previous operator, Havenbrook. The Columbia Heights City Council unanimously approved a series of rental license exemptions for four of these properties.
Brick by Brick is an organization with offices in Minneapolis whose goal is to increase affordable housing in order to build generational wealth for residents, per the meeting packet. They emphasize families at or below area median income, families of color and first generation homebuyers.
Nonprofit Partnership Preserves 345 Single-Family Twin Cities Homes
Nonprofit Partnership Preserves 345 Single-Family Twin Cities Homes
A partnership led by Twin Cities-based nonprofit Brick By Brick (B3) and Housing Partnership Network (HPN), a national intermediary, purchased a portfolio of 345 single-family affordable homes sold and managed by Pretium, a specialized investment management firm focused on U.S. residential real estate, that acquired the homes in 2021. The sale will provide stability and continuity for current residents and affordable homeownership opportunities for homebuyers. The single-family homes are located across cities in the seven-county metropolitan region.
A partnership led by Twin Cities-based nonprofit Brick By Brick (B3) and Housing Partnership Network (HPN), a national intermediary, purchased a portfolio of 345 single-family affordable homes sold and managed by Pretium, a specialized investment management firm focused on U.S. residential real estate, that acquired the homes in 2021. The sale will provide stability and continuity for current residents and affordable homeownership opportunities for homebuyers. The single-family homes are located across cities in the seven-county metropolitan region.