March 2006

Genesis approves new loan to create affordable housing in Portland's Bayside Neighborhood

Bayside Neighborhood Association (BNA) is a grassroots organization founded in 1999 by local residents to protect and preserve the Bayside area of Portland.  BNA addresses issues of affordable housing, public safety and cultural diversity in the neighborhood.  In March, Genesis lent BNA $190,000 in construction financing to allow BNA to finish renovations on a single family home that will be sold at an affordable price to an income-eligible family.

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