SALEM, OR -- Three local affordable housing projects are among a dozen around the state to receive a big funding boost from Oregon Housing and Community Services (OHCS). The agency announced Tuesday Carnelian Place and Phoenix Crossing in Bend will receive a combined $4 million to build 71 units near NE 15th and Highway 20, and NE 27th and Conners. Housing works plans for a mix of studio and one-bedroom apartments for renters at or below 60% of the area median income.
Redmond’s Bridge Meadows receives $3 million dollars for 40 units off NW Hemlock. That project will be a mix of one-, two-, three- and four-bedroom apartments.
OHCS awarded More than $45 million will help build 636 homes in Oregon. "This is a big step toward meeting the ambitions goals of the Statewide Housing Plan,' OHCS Director Margaret Salazar said in a statement. "These developments bring us that much closer to closing the affordable rental housing gap and reducing housing cost burden for Oregonians." The funding comes from federal 9% Low Income Housing Tax Credits, HOME, and the National Housing Trust Fund resources, which leverage local, state and private investments.