OREGON CITY, OREGON
Goal: Provide much needed housing for families with children with a focus on agricultural workers and Oregon City’s Homeless and at-risk residents.
Las Flores is a collaboration between Community Development Partners and Hacienda CDC. The project is located in Oregon City and is comprised of 171 units of affordable housing reserved for individuals and families earning 30%-60% of the area median income. A segment of the units is set aside of agriculture workers and their families through an award of Agriculture Workforce Housing Tax Credits, and nine units are for individuals and families transitioning out of homelessness and included support services through Northwest Housing Alternatives (NHA) and Hacienda’s Youth and Family Services division.
Las Flores features a gracious central green area, surrounded by seven residential buildings. The site design will support a series of amenities within a park-like setting and the preservation of several clusters of existing mature trees. Site amenities include a community garden, walking paths, children’s play areas, outdoor picnic areas, and a community building for events and classes. To accommodate a wide range of household sizes, the residential buildings feature a mix of unit types including one- to four-bedroom homes.
The property is made possible by a 4% Low Income Housing Tax Credit (LIHTC) allocation with equity investment by Aegon, OHCS Market Cost Offset Funds, Clackamas County Metro Bond Funds administered by the Housing Authority of Clackamas County, Agriculture Workforce Housing Tax Credits, and a Section 8 contract for 70 project-based vouchers. Construction financing is being provided by US Bank and permanent financing is being provided by Citi.
- Number of units: 171
- Lot size: 4.8 acres
- Unit size: 1BD-4BD
- Unit mix: 41 1BD (24-30%, 16-60%); 54 2BD (29-30%, 25-60%); 66 3BD (17 - 30%; 49 - 60%); 9 4BD (9 - 60%)
- Parking Spaces: 155
- Affordability: 30%-60% AMI
- Sustainability: Earth Advantage Platinum (Target)
- Total Cost: $71M
- Architect: Salazar Architects
- Contractor: LMC Construction
- Property Management: Guardian Management LLC
- Nonprofit Partner: Hacienda CDC
CDP is proud to partner with these organizations, who are critical team members who share our mission of enhancing quality of life for the communities in which we work.
Hacienda CDC is Oregon’s largest Latino-led, Latino-serving housing organization that strengthens families by providing affordable housing, homeownership support, economic advancement, and educational opportunities. Hacienda wa formed in 1986 to provide necessary housing and supportive services to the Cully neighborhood’s low-income, predominantly Latino community. At that time, NE Portland’s Cully neighborhood was home to the largest Latino population in Oregon. Hacienda as since built 10 housing communities in Northwestern Oregon, creating 441 units of supportive, community-centered affordable housing in North and Northeast Portland and Molalla, providing safe, stable homes for over 1,500 individuals each year, over half of whom are children. To learn more, please visit: https://haciendacdc.org/
Northwest Housing Alternatives
Founded in 1982, NHA is a leading not-for-profit developer of affordable housing in Oregon. Their mission is to create opportunity through housing for families, seniors, and people with special needs across Oregon. To that end, NHA develops, builds, and manages rental housing designed for Oregonians with extremely limited incomes. These homes help families live health and stable lives, allow older adults to age in place, and give people with special needs a dignified residence. Along with providing housing, NHA provides services and that connect tenants to critical health and community resources, work to prevent homelessness before it begins, and offer emergency shelter and services for families experience homelessness. To learn more, please visit: https://nwhousing.org/