Low income housing goes sustainable

| Print |  Email
Articles - July 2010
Friday, June 25, 2010
0710_ATS08
Juneberry Lane in Oregon City.
PHOTO COURTESY OF EARTH ADVANTAGE

The downturn has stalled many housing sectors, but one area that’s thriving thanks to local and federal funding is sustainable low-income housing projects.

Two green low-income projects in the state are taking the additional step of getting a community certificate from Earth Advantage, which requires community education and that each house have a low environmental impact.

Verde Village in Ashland, a 68-home green development, is stalled while 15 of its low-income units are moving forward. Eight of the 15 will be completed this fall with a loan from USDA Rural Development. As a prerequisite to the loan each household has to spend 32 hours a week helping to build their home.

The 12-home Juneberry Lane in Oregon City is a low-income sustainable housing project set for completion in early September. It’s funded by a variety of sources, with the majority coming from Clackamas County Community Development and a loan from Oregon City-based Lewis & Clark Bank.

“We can get the financing because it’s low-income housing,” says Sarah Buckley, executive director of Clackamas Community Land Trust. “For our buyers it’s their only option for owning a house. The lender feels a little better because of the buyer demand and the other funding.”

JOSEY BARTLETT
 

Comments   

 
Orion
0 #1 Rogue Valley CDCOrion 2010-07-08 12:17:48
Congrats to these two great affordable projects in towns that really need them. You omitted that Rogue Valley CDC is the name of the affordable housing developer that is working on Rice Park. More information here: http://www.verdevillage.net/rice_park.shtml, and here: www.roguevalleycdc.org.
Quote | Report to administrator
 
 
Laura Hayden
0 #2 parametersLaura Hayden 2010-08-07 14:39:09
could you explain how to get on the list for thi housing?
Quote | Report to administrator
 
 
Laura Hayden
0 #3 Laura Hayden 2010-08-07 14:40:49
can you tell me where to get more subsided housing including ths one describd?
Quote | Report to administrator
 

More Articles

Growing a mobility cluster

News
Friday, October 31, 2014
0414 bikes bd2f6052BY LINDA BAKER | OB EDITOR

Why are there so few transportation startups in Portland?  The city’s leadership in bike, transit and pedestrian transportation has been well-documented.  But that was then — when government and nonprofits paved the way for a new, less auto centric way of life.


Read more...

Leading with the right brain

News
Tuesday, December 09, 2014
120914-manderson-thumbBY LINDA BAKER

On the eve of the Portland Ad Federation's Rosey Awards, Matt Anderson, CEO of Struck, talks about the transition from creative director to CEO, the Portland talent pool and whether data is the new black in the creative services sector.


Read more...

Corner Office: Sheree Arntson

January-Powerbook 2015
Saturday, December 13, 2014

Checking in with the managing director of Arnerich Massena.


Read more...

Corner Office: Timothy Mitchell

January-Powerbook 2015
Saturday, December 13, 2014

A look-in on the life of Norris & Stevens' president.


Read more...

What I'm Reading

November/December 2014
Wednesday, October 22, 2014

Peter Lizotte at ACME Business Solutions and Roger Busse at Pacific Continental Bank share their favorite reads.


Read more...

Political Clout

November/December 2014
Wednesday, October 22, 2014
BY KIM MOORE

Businesses spend billions of dollars each year trying to influence political decision makers by piling money into campaigns.


Read more...

Corner Office: Steve Tatone

January-Powerbook 2015
Saturday, December 13, 2014

Seven tidbits about the president and CEO of AKT Group.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS