Innovative Housing, Inc.

Innovative Housing, Inc. (IHI) is a nonprofit developer of high-quality, affordable housing for low and moderate-income people. Based in Portland, Oregon, our mission is to create innovative solutions to unmet housing needs and assist our residents maintain their housing stability, improve their quality of life, and break the cycle of poverty. IHI is committed to fulfilling our mission in a manner that makes good business sense, a philosophy that has helped IHI become a self-sustaining organization and one of the larger nonprofit developers in the Portland area.

To accomplish our mission IHI builds new housing, acquires and renovates older apartment buildings, and preserves existing affordable housing that is at risk of converting to market rate housing. We also own and operate all of the housing that we build or acquire, so our portfolio is managed in a way that is consistent with our mission. Our rents are lower than market rate apartments and are affordable to households earning 30%, 50%, and 60% of area median income. Some of our units come with rent subsidy and many were developed as permanent supportive housing to help people move directly from homelessness into permanent, safe homes. Because our mission includes helping people stay stable in their housing, IHI offers resident services at most of our properties. IHI's service philosophy is individualized and responsive - we focus on people and develop our programs to help residents achieve success in their housing, careers, and life.

Our commitment to housing and our tradition of collaboration has led us to partner with a wide array of private and public sector entities. Together, we have developed 783 affordable rental units and 93 condominiums in mixed-income homeownership projects throughout the Portland metropolitan region. IHI has done this with very little external operating support. Our housing is designed to serve a diverse population, including low and very-low income seniors, people living with physical and mental disabilities, low-income and formerly homeless families, entry-level workers, victims of domestic violence, and families overcoming substance abuse issues. If you are in need of affordable housing, please view our rental properties.

Innovative Housing's staff and board have extensive housing development experience. Most of IHI's board members work, or have worked, in the housing field in their professional capacities, and bring decades of development experience to bear on IHI's mission. Our areas of expertise include:

Private and public sector financing
Project development
New construction and rehabilitation
Project underwriting

Real estate investment
Strategic Planning
Asset Management

IHI's Board of Directors includes a former board member of the Housing Authority of Portland, a real estate broker, an appraiser, an attorney, a CPA, a former tax credit investor, and a general contractor. The combined talents of these dedicated volunteers and the skills of IHI staff enable the organization to create and operate essential housing opportunities for low and moderate-income households, even in an increasingly challenging funding environment.