Current

Properties

• HUD Section 18 conversion process
• Tamarack Apartments, 120 apartments
• Schrunk Riverview Tower, 118 apartments

• HUD RAD conversion process
• Winchell Court, 10 apartments
• Camelia Court, 14 apartments
• Bel Park, 10 apartments
• Maple Mallory, 48 apartments
• Eliot Square, 30 apartments

Highlights

Group 5 Budget Sources and Uses

Background on Financial Tools

Construction Scope of Work by Property

Group 5 Property Locations

Link to Google Map 

Partners

• Financial
• US Bancorp, Barings/Massachusetts Mutual, Oregon Housing and Community Services, Oregon Treasurer's Office
• Design and Construction
• KASA Architects, MWA Architects, LMC Construction

Homes

• 240 affordable apartments
• 217 affordable homes for people earning 60% of the median family income and lower
• 23 affordable homes for people earning 50% of the median family income and lower
• 20 deeply subsidized homes for people earning 30% of the median family income and lower
• The mix includes 88 studios, 109 one-bedroom apartments, and 43 two-bedroom apartments

Highlights

• The transit-friendly location is close to MAX light rail service and buses. 
• In addition to the apartments, the development features a community room and an interior courtyard that will provide recreational and community garden space for residents. 
• The ground floor will provide commercial space including on-site property management and retail.

Partners

• Financial:   City of Portland, Home Forward equity, private activity bonds, Low Income Housing Tax Credits
• Design and Construction:  LEVER Architects, O'Neill/Walsh Community Builders.