The Portland Collective Housing Syndicate is a year old non-profit
corporation dedicated to preserving affordable housing and collectivizing
ownership of residential property. The PCHS currently has an opportunity to purchase the building at 612-616 East Burnside. This is the building that houses the IWW Union Hall, The Back to Back Café, The office of The Cross Border Labor Organizing Coalition (CBLOC) and The Portland Central America Solidarity Committee. The top two floors of this building contain 10 affordable studio apartments-some of which are currently occupied by activists working with the IWW and the Back To Back Café. One of the apartments is being rented as an office by the non-profit organization Danzine. On PCHS board of directors are a core group of dedicated, experienced volunteer activists who among other things have helped give Portland the Red And Black Café, The Back To Back Café and the IWW hall. Among the things that make this such an exciting opportunity is generous financing package offered to us by the current owner. Our goals in purchasing this building are to:
. preserve affordable housing in central Portland
. create a vibrant, holistic community that incorporates a cooperative workplace
. acquire a property that can be leveraged in the future to purchase additional
. permanently establish cooperative culture in the heart of Portland.
If you are intrested in bringing low cost cooperative housing to Portland, we need your help! We need money in the form of donations or low interest loans. The financing we've been offered thus far has been relatively high interest financing. Any loans at less than 8% would be welcome, would help make the building cheaper to manage and insure our success. We also need advice from people experienced in commercial real estate transactions. We welcome participation (and scrutiny) from all interested parties. The PCHS will begin a series of informational events at the IWW hall soon. If you would like to be on a contact list or have any questions or offers of support send an email to email@example.com or call Nancy at 503-703-5282. We have until December 1st to make this happen. Wish us luck!