Wednesday, June 3, 2020

Tigard Triangle Project Before Housing Stability Council is in Opportunity Zone, is funded by Metro Housing Bond, and Has VASH and Project Based Vouchers.

The Oregon Housing Stability Council has an 81 unit project up for 4% tax credit and bond approval at the Friday meeting that is located in the Tigard Triangle area, on the corner of 72nd Avenue and Baylor. 

In reading through meeting materials for this project (I have posted HERE) it is located in an opportunity zone, receives funding from the Portland Metro Affordable Bond measure, and it also will have 8 HUD VASH vouchers and 8 project based vouchers. These 16 voucher units are part of a total of 34 units that will be rent restricted to levels affordable below 30% MFI.

I know the area well. 72nd Avenue has a recently completed market rate project a couple of blocks south, and another CPAH affordable project is under construction a couple of blocks north of this proposed project.  Pic of existing site is below.


Originally created and posted on the Oregon Housing Blog.

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