BRIDGE Housing’s Oregon Affordable Community Advances
Aloha Family Housing is slated for delivery in the fall of 2023.
Work is underway at Aloha Family Housing, an 81-unit affordable housing community rising in Washington County, Ore., with completion planned for the fall of 2023. BRIDGE Housing Corp. is the developer behind the project, while LMC Construction is the general contractor.
Financing partners for the community include Oregon Housing and Community Services, Washington County, Metro, Union Bank, National Affordable Housing Trust and Energy Trust of Oregon. The property will offer apartments for families with low incomes, earning between 30 and 60 percent of the area median income.
Upon completion, units will range from studios to three-bedroom floorplans. Common-area amenities include a laundry room, community room with kitchen, playground, private bike storage and on-site property management.
The development will take shape at the intersection of S.W. Alexander Street and S.W. 174th Avenue. There are many dining options, retail spaces and entertainment venues in the area. The community will also offer access to transit, schools, large employers, green open spaces, as well as medical hubs.
Scott Edwards Architects is the project’s architect. Designed to achieve Earth Advantage Platinum certification, the community will feature a rooftop solar array.
BRIDGE Housing expands affordable housing footprint
According to Yardi Matrix, BRIDGE is the owner of 125 affordable community projects across the country, featuring roughly 15,900 units across 15 markets. Earlier this year, the company partnered with Amazon and Sound Transit to create 233 new affordable apartments in Bellevue, Wash., near a newly constructed light rail station. This summer, the company also secured $250 million in funding from Morgan Stanley and National Equity Fund in a program that promotes affordable and workforce housing.