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Beaverton approved almost $10 million in funding to build 164 affordable housing units in the area.

COURTESY ILLUSTRATION: WISHCAMPER DEVELOPMENT PARTNERS - A rendering shows apartment housing at the Blackbird Farms planned development in Beaverton.The Beaverton City Council voted Thursday, May 19, to approve almost $10 million in funding for an affordable housing development in the South Cooper Mountain area.

The funding for the housing project, also called the Main Street Project, includes $849,191 of American Rescue Plan Act funds and $9 million from the Metro affordable housing bond, which voters passed in 2018. The $9 million loan is contingent on Metro's approval.

The site at 17811 S.W. Scholls Ferry Road will be home to three buildings with 164 affordable housing units, including 80 for seniors, according to the City Council's May 19 agenda bill. In a second phase on what's called the Blackbird Farms development, 145 more units are planned.

In the first phase, 17 units will be held for very low-income households — around 30% of the area's median income — with approximate monthly rent set around $600 for a one-bedroom, $719 for a two-bedroom and $831 for a three-bedroom unit. Other units will serve households at 60% and 70% of the median income at varying costs.

City officials say each building will have elevators and all units will have air conditioning, a balcony or patio, walk-in closets and laundry hookups.

The development will also include a central community center with a fitness center, lobby, lounge, laundry facility, a community room with a kitchen and more.

The $9,849,191 approved last Thursday will not be enough to pay for the whole development, city officials acknowledged. Other funding sources, including Oregon Housing and Community Services grants and tax credits, are planned to reach a goal of almost $80 million.

Affordable housing developer Wishcamper Development Partners, local architecture firm Otak, Colas Construction and Guardian Real Estate Service will serve on the project's development team. Other organizations will help with outreach and community engagement throughout the process.COURTESY MAP: CITY OF BEAVERTON - The South Cooper Mountain Annexation Area, as it is officially described in Beaverton planning documents, is divided up into different neighborhood blocs. The City Council approved funds for affordable housing in the Main Street Neighborhood on Thursday, May 19.

By the time the 164 units are opened, Beaverton is expected to exceed its target of affordable housing units, according to the city government. The city will have 365 total units of various requirements, while Metro's goal for Beaverton is 218.

The City Council's agenda bill says affordable housing has been the goal for South Cooper Mountain since the area was annexed by the city in 2013. Beaverton's broader plan for the area is set to include various neighborhoods, dedicated commercial space plus wildlife habitats and other natural areas.

The Wishcamper-led affordable housing development will join a South Cooper Mountain development by BRIDGE Housing Corp., just east of the Wishcamper development on Southwest 175th Avenue and Goldcrest Lane.

The city estimates construction of the Wishcamper affordable housing development to begin in late summer 2022, with pre-leasing to begin in winter 2023 and construction to finish around winter 2023 into 2024.

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