REACH converts grants, credits to two affordable housing projects

REACH converts grants, credits to two affordable housing projects

bronaugh.JPG
The 1905 Bronaugh Apartments in Goose Hollow. REACH Community Developments intends a full renovation, including a seismic upgrade. (Mike Francis / The Oregonian)

Mike Francis | mfrancis@oregonian.comBy Mike Francis | mfrancis@oregonian.com
Follow on Twitter
on November 14, 2014 at 12:26 PM, updated November 14, 2014 at 12:33 PM

Reddit

REACH Community Development Corp. said Friday it will renovate the historic Bronaugh Apartments in Goose Hollow and launch a second phase of construction of affordable units at Orenco, in Hillsboro.

The two projects were made possible by almost $18 million in federal grants and tax credits awarded through the state to the non-profit group.

The 50-unit Bronaugh is home to elderly and disabled residents on fixed incomes. REACH acquired it last year, when it was in danger of losing its status as subsidized, Section 8 housing.

REACH already is building Phase I of The Orchards at Orenco, intended as affordable housing for the Hillsboro area. The new money will fund Phase II, a 58-unit addition that will break ground next June.

-Mike Francis

Advertisements

About PortlandHouseListings.com - Tom Ramsey, local Realtor

Local Portland Realtor with 10 years experience specializing in residential sales and investment property. Tom Ramsey Oregon Real Estate Principal Broker John L Scott Real Estate Phone: 503-481-0501 tomramsey1@gmail.com www.PortlandHouseListings.com
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s