June 15, 2015

Living Cully

Portland, Oregon

Living Cully

Living Cully set out to purchase the Sugar Shack property and build economic, social and environmental assets for low-income Cully residents. Craft3’s loan to Living Cully supports efforts to redevelop the property into a neighborhood destination that serves Cully’s rich and diverse community.
For more than a dozen years, the Sugar Shack Strip Club operated in NE Portland’s Cully neighborhood—across the street from community centers, a pediatric health clinic, school bus stops and affordable family housing. Neighbors had long hoped that this complex would go away and something focused on children and families would take its place.

In response, Living Cully—an innovative collaboration between Habitat for Humanity Portland/Metro East, Hacienda Community Development Corporation and Verde—set out to purchase the property and build economic, social and environmental assets for low-income Cully residents.

Over 500 individual donors and businesses helped to purchase the site through a crowdfunding campaign, raising over $60,000 in less than a month. Additional funding for the project was provided by Business Oregon, Craft3, Meyer Memorial Trust, Oregon Community Foundation and Portland Development Commission.

Craft3’s loan to Living Cully supports efforts to redevelop the property into a neighborhood destination that serves Cully’s rich and diverse community.

Living Cully Plaza used Craft3 financing to create positive impacts in its community. This start-up nonprofit is in a high poverty area, leveraged $1.7 million in additional funds and equity and preserved local ownership of $2.5 million of real estate.