Correction: Two Items from OFA Meeting Tuesday.

Correction: I have learned that Sequoia project location is actually in Aloha, not Beverton. Text below has been changed...
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Two tidbits from the Tuesday meeting (prior post is HERE) on two projects granted preliminary approval:

1. Firm Commitment application for FHA Insured Section 242 Hospital loan for project in Stayton had been submitted to HUD HQS the day before the meeting. Applicant is hoping for 60-90 days until firm commitment, with initial endorsement sometime in July.
2. Application from Sequoia Mental Health Services is to rebuild offices and is related to a FY 2008 HUD funded Section 811 project, with a condominium structure being used to separate the two uses. This Aloha project has also received HUD HOME and CDBG funds (a HUD trifecta ?). From January 2009 HUD press release, details about the 811 funding for this project:

Section 811 - Supportive Housing for Persons with Disabilities

Project Location : Aloha, OR

Non-Profit Sponsor : Sequoia Mental Health Services

Capital Advance : $1,862,800

Three-year rental subsidy: $147,600

Number of units : 15

Project Description :

The funds will be used to construct 14 one-bedroom units and a resident manager's unit for very low-income persons with chronic mental illnesses. These units will be developed as part of the new Sequoia Mental Health Service Center in Aloha, Oregon. The first floors of the building will be office space with the Section 811 units constructed above. The building is in a residential and small business neighborhood with various local service providers' offices less than a mile away.

Originally created and posted on the Oregon Housing Blog.