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The Mary Ann is the first project to begin construction with funding through the Metro regional Housing Bond.

COURTESY PHOTO - The Mary Ann apartment building will contain 54 apartments and is being constructed at 4605 SW Main St. in Beaverton.Construction is officially underway on the first development to be built with funding from the Metro regional housing bond voters approved last year.

The Mary Ann celebrated its groundbreaking June 8. It is the first project by REACH Community Development within Beaverton city limits.

The four-story apartment building, to be constructed in the Old Town area of Beaverton at 4605 S.W. Main Ave., will contain 54 units. It is the culmination of several years of work between REACH and the city government to identify a project in Beaverton's growing downtown core to meet the needs of working families. With the 2018 passing of the Metro Regional Affordable Housing Bond, Beaverton and Metro selected The Mary Ann as one of the first bond-funded projects, committing $3M.

"The Mary Ann groundbreaking is symbolic of the 3,900 homes that will be built using funds secured through the 2018 Regional Affordable Housing Bond," Metro Councilor Craig Dirksen said. "This is an important milestone to celebrate in our efforts to help everyone have a safe, stable home. We at Metro are tremendously grateful to the voters, taxpayers, and our government and nonprofit partners who have made this project possible."

In Washington County, one out of four renters are considered to be rent-burdened, putting more than half their income towards rent. That's why projects like The Mary Ann are important, supporters say.

"Affordable housing projects like this one are a critical piece in the creation of a vibrant community — providing families of all incomes stable housing close to work and play," Washington County Chair Kathryn Harrington said. "We are grateful to have so many partners at the table, working together to make this a reality."

Plans are for The Mary Ann to have 39 parking spaces, a secure bike room, laundry facilities, and a community room that opens to a large courtyard. The property is within walking distance of the MAX light rail and WES commuter rail, multiple shopping opportunities, grocery stores, Beaverton City Library, post office, restaurants, services, and parks, and it is across the street from Beaverton High School.

"I am proud that our plans for a more vibrant downtown are inclusive and that our city center welcomes community members who need our support most," Beaverton Mayor Denny Doyle said. "The Mary Ann exemplifies the type of housing development we need in Beaverton with both affordable and deeply affordable homes and great access to transit and downtown amenities. Increasing the availability and affordability of housing is a key focus area and will remain a top city priority."

The $22.6 million project is financed with city, county and state dollars, as well as from Beaverton's share of the Metro housing bond.

Additionally, Wells Fargo and the Community Housing Fund have provided private financing.

With over half of the apartments containing two or more bedrooms, The Mary Ann will be home to low-income families with children with incomes at or below 60% of the area median income (AMI), with one-fifth of the units set aside for households at or below 30% AMI.

On-site programs and bilingual services for residents will be provided through a partnership with the nonprofit group Bienestar.

"Creating equitable opportunities for larger families to live in the opportunity-rich, Old Town neighborhood in Beaverton was a key priority in developing this site," REACH chief executive officer Dan Valliere said. "With access to affordable transit options, high-quality healthcare, proximity to living-wage jobs, and many community resources, The Mary Ann will be a supportive place to call home where families and individuals can realize their goals."

The Mary Ann will take approximately 15 months to complete.


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