REACH converts grants, credits to two affordable housing projects
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.