Housing Stability Council

Multi-Family Development Project Summary
OHCS 2016 Local Innovation and Fast Tract (LIFT) NOFA
DHS Partnerships &
Supports:
Innovation & Cost
Containment:
Development Timeline:
Motion:
Conditions:
of Housing Authority of Washington County (“HAWC”) and the HAWC Board provide
housing assistance for over 8,000 Washington County low income residents.
Given that 25 percent of the Aloha-Hillsboro community is “home” to persons of color,
the Housing Authority of Washington County (HAWC) has received a Letter of Intent from
Bienestar, Inc., a culturally specific organization serving farmworkers and working poor
families, to create an ongoing service partnership serving residents of Willow Creek
Crossing Apartments. Bienestar will also create a marketing and outreach plan to
publicize the availability of housing opportunities to communities of color.
The proposed building is a 6-Story mixed-use project w/5 levels of wood-framed
construction over one level of concrete p.t. deck. The exterior of the building is clad in a
combination of fiber cement panel, fiber cement shingle, aluminum wrapped fin
elements, with the ground floor clad in a combination of board-formed concrete and
storefront glazing.
Readiness to Proceed: Willow Creek Crossing Limited Partnership and TVA Architects have
had a pre-planning meeting with the City of Hillsboro Planning Department, Key Bank
Community Development Corporation has provided a Letter of Intent to purchase the
Low Income Housing Tax Credits, KeyBanc Capital Markets, Inc. has provided a Letter of
Intent to purchase the Bonds issued by Washington County Housing Authority, and Ann
Blaker, Bienestar's Executive Director, is interested in exploring a partnership with Willow
Creek Crossing Limited Partnership and GSL Properties Inc. to create an ongoing service
partnership, serving residents of Willow Creek Apartments. We will collaboratively and
aggressively address the financing gap as project is on a fast track to begin construction in
July 2017. We anticipate having Certificates of Occupancy October 2018 and completing
lease up July 2019.
To approve a LIFT grant reservation in an amount up to $4,636,000.00 for the new
construction of Willow Creek Apartments, located in the City of Hillsboro, Washington
County, Oregon. Reservation is contingent on meeting all program requirements and
conditions of the Reservation.
Meet all programmatic, reservation letter and OHCS requirements.
Oregon Housing Stability Council
Meeting Materials Packet - Page 59
Multi-Family Development Project Summary – 2016 Mental Health NOFA