CHF provided land acquisition and predevelopment loans totaling $750,000 to mission-based for-profit developer Community Development Partners (CDP) for this Tigard Triangle project. Washington County’s pilot project for the Metro Affordable Housing Bond (Metro Bond), this 81 unit development has a majority of family-sized homes (2 and 3-bedrooms) with over 40% of the units affordable to extremely low-income households and a significant number of units targeted to households exiting homelessness. CDP facilitated a “Community Asset Study” process with the Center for Public Interest Design at PSU, through which community-centric partners and desired outcomes were identified.
CHF made a $750,000 predevelopment loan to Bienestar for this project. Bienestar and development partner Housing Development Center were awarded Metro Bond funds for this 150-unit equitable project. These partners have engaged community members and stakeholders from the earliest phase of the project and thus the home and site design will be uniquely suited to the target population. Features of the project include a majority of homes for larger households (including a large percentage of 3-bedroom homes) and a site with interconnecting footpaths and 3 separate plazas providing space for family celebrations and group gatherings.
Bridge Meadows is bringing its innovative intergenerational housing model to Beaverton with a mix of 42 new homes (townhouses, apartments, etc.) for newly adoptive families of former foster children and “honorary grandparents” (seniors who provide community support). In addition to robust on-site activities and supportive services, a variety of gathering spaces encourage interaction and community-building. CHF provided a $400,000 predevelopment loan and, after repayment, a bridge loan of $200,000 to allow for a timely construction start, as the capital campaign was being completed.
CHF has provided $600,00 in predevelopment loans to Community Partners for Affordable Housing (CPAH) for a gateway project, which will provide 44 new homes in the high opportunity Cedar Mill Town Center. Homes ranging from studio to 3- bedrooms in size will serve both working families and very-low-income households (with eight units set-aside for homeless families). The project features a public plaza and pocket park with support from Tualatin Hills Parks and Recreation.
CHF provided a $315,000 acquisition loan for this project. REACH worked closely with the City of Beaverton to deliver 54 affordable homes through this project, Beaverton’s pilot for the Metro Bond. The project includes many family-sized units, all affordable to low-income households, with a significant number affordable to extremely-low-income households. The desirable Old Town Beaverton location is easily accessible to transit, schools, parks, and employment, and boasts a large courtyard and community room, on-site food pantry, resident wellness program, and an on-site Resident Services coordinator through a partnership with Bienestar.
CHF provided a $200,000 construction-to-term loan, CHF’s first of this type, to New Narrative for this six-home development in Aloha. Clover Court houses formerly homeless individuals living with severe and persistent mental illness, and utilizes a “wrap-around services” model, tailoring services and support to individual needs. The residents of Clover Court have been stable and successful in their permanent housing since lease-up, proving the effectiveness of New Narrative’s service model. And, this property can boast zero evictions for the years it has been in service, even through the height of the pandemic.
Northwest Housing Alternatives (NHA) will provide 20 homes for Veterans and their families with Pomeroy Place. This community will house individuals and families of very modest means, utilizing rental assistance from the Housing Authority of Washington County, as well as the Veterans Administration’s VASH program. NHA will oversee the integration of services on and off-site for residents. CHF’s loan of $400,000 was utilized to complete early due diligence and for land acquisition.
CHF provided $103,000 in acquisition financing to Willamette West Habitat for Humanity (now Portland Region Habitat for Humanity) for this homeownership project. Willamette West Habitat constructed 16 homes in Beaverton, creating homeownership opportunities for low-income households in the community. The site is adjacent to Fanno Creek creating a natural buffer and view of green space for the homeowners. The neighborhood is transit friendly and convenient, with easy access to shopping facilities – a great place for homeowners to put down roots and create lasting community relationships.
At Kidd Court, West Tuality Habitat for Humanity (West Tuality) is providing affordable homeownership opportunities for seven low-income households in Forest Grove. CHF provided a $400,000 bridge loan to support a more efficient development timeline for this project and allow for completion of all site development work. The fifth home was completed in 2021 and construction of the sixth and seventh homes is underway. West Tuality is one of the only providers of homeownership opportunities affordable to low- and extremely-low-income households in Western Washington County.
This mixed-use development brings 45 new affordable apartment homes for low-income seniors, along with a large new community library. CHF provided a $137,000 predevelopment loan to Bienestar (partnering with BRIDGE Housing to complete the senior housing) and, a second $1,000,000 bridge loan to the City of Cornelius for the Library and community spaces. The new building and community gathering spaces create a centerpiece for this small “2019 All America City” and provide critically needed homes affordable to seniors on fixed incomes.
CHF provided a $580,000 land acquisition loan to HomePlate Youth Services (HPYS) for this acquisition/rehab project to create their new drop-in center and administrative space in downtown Beaverton. The City of Beaverton has been an important partner in this project, through which HPYS is building organizational and program capacity. HPYS is the only service provider in Washington County with a single focus on houseless and housing-unstable youth and is a uniquely and intentionally equitable organization that centers non-dominant perspectives in all of its work.
CHF approved a loan for $610,000 to Centro Cultural to accommodate the purchase of a facility to be used as a grocery-style food pantry, allowing clients to select food with dignity and respect. The organization’s food security programs serve many in the community, including residents of their own housing programs, as well as those of partners. Prior to drawdown, Centro was able to secure a federal grant for this purchase.