St. Helens development awarded $13.4 million
A new affordable housing development in St. Helens has received a $13.4 million grant from the state of Oregon.
Northwest Oregon Housing Authority purchased a 16-acre property off Gable Road and Highway 30 for $2.75 million in March.
The property will eventually consist of 238 units. Of those, 46 one-bedroom units, 53 two-bedroom units and 20 three-bedrooms units will be affordable for residents making 30% of the area's median income. The remaining 20 one-bedroom units, 46 two-bedroom units and 53 three-bedroom units will be affordable for residents making 60% of the area's median income. In St. Helens, the median income in 2018 was $48,311, meaning all of the units will be affordable for families making less than $30,000 yearly, and half of the unites will be affordable for families making less than $15,000 annually. Seventy-five of the units have project-based rental assistance provided by the Northwest Oregon Housing Authority.
The $13.4 million comes from more than $75 million in LIFT funding, which will go toward construction of 1,262 new affordable housing units across the state.
The LIFT program was created by a 2016 state senate bill, with the goal of creating affordable housing for families, "focused on rural communities and communities of color," according to a press release from Oregon Housing and Community Services.
Community Action Team and Latino Network will engage the local Latino community to spread awareness about the housing opportunity and involve community members in the development, according to OHCS.
The St. Helens project is led by NOHA and Community Development Partners, which teams with nonprofits to build and operate housing and resident services.
The project is budgeted at close to $100 million.
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