Mahonia Crossing Closing Announcement
September 2, 2022
We are pleased to announce the closing of Mahonia Crossing in Salem, Oregon!
Mahonia Crossing is a 6.5-acre, multi-building new construction project located in the South Gateway neighborhood of Salem. When completed, it will provide 184 affordable homes to households earning 30-60% AMI.
Mahonia Crossing has been designed as a CDP Community for All Ages—an intentionally designed community where people of all ages can live, work, and play together. The community will incorporate a dedicated Senior Building with 46 homes reserved for Seniors, and the services, programming, and amenities needed to foster intergenerational connection. The project will also include a series of amenities within a park-like setting, including community garden, walking paths, fitness center, children’s play areas, outdoor picnic areas, movie/game room, library, computer stations, and a demonstration kitchen area for events and classes. The development is on track to achieve Earth Advantage Platinum, and the Community Building is pursuing Energy Trust of Oregon Path to Net Zero Certification.
Mahonia Crossing was designed by Scott Edwards Architecture and PLACE and is being built by Gerding Builders. Early community engagement work was completed by PSU’s Center for Public Interest Design (CPID). Resident Services will be provided by EngAGE Northwest and the property manager will be Guardian.
The project is made possible by a 4% Low Income Housing Tax Credit (LIHTC) allocation with equity investment by R4 Capital; Local Innovation Fast Track (LIFT) funds, Market Cost Offset Funds (MCOF-GHAP), Agricultural Workforce Housing Tax Credits (AWHTC), and Tax-Exempt bonds from Oregon Housing and Community Services; a HOME grant from the City of Salem; 56 project-based section 8 vouchers awarded by the Salem Housing Authority; and an Energy Trust of Oregon grant. Construction financing is being provided by Umpqua Bank and permanent financing is being provided by Citi.
The site was originally owned by local developer and master plan visionary, John Miller of Wildwood | Mahonia, who has been developing the South Gateway neighborhood for over 40 years. This is the first of a two-phase project. Phase II is fully funded and is expected to begin construction this winter.