The City of Beaverton announced an advancement with its next affordable housing community on the 15th of December.
The Senior Housing Project on 5th Street is a Metro Affordable Housing Bond project bringing 104 affordable housing units to Beaverton, with more than half dedicated as deeply affordable for households making 30 percent or below Median Family Income.
The project will be located in downtown Beaverton and central to amenities, public transportation, and social services making it an ideal project prioritized for senior community members desperately needing access to lower-income housing options.
“Seniors on fixed incomes are being severely impacted by the housing crisis and our community must do what it can to help them,” said Mayor Beaty. “This affordable housing development will provide a safety net for seniors, while also establishing easy access to the amenities and services that are available in Old Town.”
Community Partners for Affordable Housing (CPAH) has been selected as the developer. CPAH is dedicated to building quality affordable housing opportunities serving communities in Beaverton, Washington County and SW Portland. They have been part of the local response to growing housing needs for 30 years.
Rachael Duke, Executive Director at Community Partners for Affordable Housing, stated “CPAH is excited about this project on so many levels: serving our seniors with much-needed housing, the partnerships we are creating on-site to support the residents, and the role of the building in the surrounding community.”
Pre-development activities have commenced including community engagement, site analysis, and funding proposals. The project is expected to begin construction in mid-2025 with completion in 2027.
The site of the project is currently home to the city’s temporary shelter for adults experiencing homelessness. The temporary shelter will close in 2024 upon completion of a new year-round shelter that is currently under construction.
Beaverton, along with much of the region, is experiencing significant housing shortages, particularly affordable housing options. During the past few years, the city has worked to provide resources and identify opportunities to increase diverse, appropriate housing to ensure anyone who wants to live in Beaverton can do so.
In November 2018, Metro voters approved a $652.8 million bond—$31 million of which will be allocated to the City of Beaverton for the creation of 218 affordable housing units. The city developed a Local Implementation Strategy for guidance on how these resources should be invested with key priorities including leading with racial equity and inclusion, leveraging publicly-owned land as available, and ensuring investments are made in high opportunity areas.
“By investing in our elders, we are creating stronger and more vibrant communities for everyone,” said Patricia Rojas, Housing Director with Metro. “We are proud to be partnering with the City of Beaverton and others to support our seniors with safe and stable homes to live and thrive.”
The Senior Housing Project on 5th Street reaches these objectives, making it an ideal site for future residents to enjoy the benefits of affordable housing while living in a walkable, amenity filled neighborhood.
Learn more about affordable housing and the Senior Housing Project on 5th Street at www.BeavertonOregon.gov/affordablehousing.
