Eugene City Council awards over $1.2m to affordable housing projects
EUGENE, Ore. — The Eugene City Council has awarded over $1.2-million to affordable housing projects in Eugene, according to a press release from the Planning & Development Department.
The city council used funds from the Affordable Housing Trust Funds (AHTF) to support three low-income housing developments that applied for the funds this year: Homes for Good Housing Agency for 'The Coleman,' Homes for Good Housing Agency for 'Bridges on Broadway,' and Cultivate Inc. for the 'Grant Street Grow Homes.'
AHTF was established back in 2019. The funds come from 0.5-percent construction excise tax on the construction new structures and additions to existing structure in Eugene.
Project developers applied for AHTF through a competitive request for proposals process. Proposals were reviewed, scored, and ranked by community members who are on the AHTF committee. The recommendation was then shared with the Eugene City Council, who makes the final decision.
Funding for these projects will help support the creation of 98 new affordable homes for low-income households, said the department.
$552,650 was awarded to Homes for Good Housing Agency for 'The Coleman,' says the Planning & Development Department. The project will also receive and additional $470,847 in City Fee Assistance. 'The Coleman' will be a new mixed-used three story development, according to the department, and would provide 38 apartments and on-site support services to people with conviction histories. The location for this new development is at Hwy. 99 and Roosevelt, and was donated by Lane County. The building will include Sponsors’ Re-entry Resource Center, offices, and meeting rooms, providing services to people living on-site, as well as for clients in the community. Construction for the project is anticipated to start in Spring of 2024 with occupancy anticipated to begin sometime in 2025.
Homes for Good Housing Agency for 'Bridges on Broadway' was awarded $383,434 from the AHTF. The project will receive an additional $173,590 in City Fee Assistance. Bridges on Broadway would convert the former Red Lion Hotel, located in downtown Eugen, into a 56-unit Permanent Supportive Housing apartment complex. The apartment would focus on serving people experiencing chronic homelessness, individuals with severe and persistent mental illness, and those with a substance use disorder. Construction for the project is anticipated to start in Spring of 2024 and occupancy would begin in 2025.
$321,528 was awarded to Cultivate Inc. for the Grant Street 'Grow Homes', and will receive an additional $58,472 in City Fee Assistance. The project would develop four new homeownership homes in the Far West Neighborhood. These new developments would be built in the backyard of an existing home and would be made available for purchase by low-income households. Planning & Development says that three of the new homes would be a one bed, one bath with the ability to 'grow' to become three-bedroom, two-bathroom homes in the future. The fourth home will be ground level and fully accessible under the Americans with Disabilities Act (ADA). Construction is expected to start in early 2024 and occupancy would occur by 2025.
This is the third year AHTF have been awarded to local affordable housing projects.
For more information about the development projects click here. For more information about the AHTF click here.
