The Albina One project, an integral part of the Albina Vision Community Investment Plan by the Albina Vision Trust, is a milestone in an eight-year mission to establish a 94-unit affordable housing complex in North Portland. The broader plan envisions developing 2,000 housing units, 300,000 square feet of commercial space, a waterfront park, and civic and cultural event spaces around the Rose Quarter. The Albina area, once home to four out of five Black Portlanders, faces challenges from construction, eminent domain, and gentrification fueled by school policies and rising housing costs.

Albina One, with an expected cost of $63.5 million, is funded by sources including the American Rescue Plan, Hillman Family Foundations, Oregon Community Foundation, and the Portland Housing Bureau. The Oregon Metro Council is providing an additional $5 million transformative grant to Albina Vision Trust for property acquisition in Lower Albina.

The celebration emphasized a community-driven vision for a safe, equitable environment, with Albina One offering one- to three-bedroom units, community rooms, and outdoor spaces eligible for the city's affordable housing preference policy. The project reflects a commitment to address historical inequities and build a close-knit community.