Orchards of 82nd
New construction of 48 units of affordable rental housing and 4,800 square feet of ground-floor commercial condominium space.
Residents of East Portland have, on average, lower incomes, poorer health outcomes, and less access to infrastructure such as parks and safely connecting sidewalks compared to other Portlanders. Yet East Portland is a valued and beloved home to many; and with increased property investment driving up land values, longtime residents face displacement risks. These residents include families and businesses that occupy homes and storefronts in the Jade District, a stretch of land surrounding East 82nd Avenue that is a center of Oregon’s Asian populations.
Orchards of 82nd, located in the heart of the Jade District, addresses interrelated needs identified by area residents. The mixed-use development mitigates displacement by providing 48 units of transit-accessible affordable rental housing. Residents have access to support services including Baby Booster, a collaboration to address child health disparities in the 97266 ZIP code area. And with its public plaza and ground-floor offices and event space operated by owner/occupant Asian Pacific American Network of Oregon (APANO), Orchards of 82nd extends opportunities for diverse communities to participate in the neighborhood’s redevelopment.
Finance. Housing sponsor ROSE Community Development and commercial condo owner APANO each contributed unique financial resources to the project. APANO led a community visioning process that informed regional government Metro’s decision to purchase the Orchards of 82nd site for the purpose of developing transit-oriented housing and a community gathering space. ROSE, competitively awarded site control by Metro, brought extensive development experience and access to specialized funds such as low-income housing tax credit equity. HDC helped the partners to assemble and mesh funding streams, including nearly $1 million in donations raised by APANO, as well as to navigate the complexities of forming a commercial condominium structure.
Design and Construction. Sited at a busy commercial intersection along a planned high-volume bus line, Orchards of 82nd is designed to meet community needs for transit-accessible affordable housing, culturally specific programming, and gathering space. HDC worked with the owners, architect, and general contractor to help ROSE and APANO make the most of synergistic programming through client cross-referrals and sharing of gathering spaces. Both owners save costs by sharing a lobby, parking facilities, mechanical spaces and systems, and a publicly accessible courtyard and plaza.
ROSE Community Development
SE 82nd Avenue and Division Street, Portland
Financial structuring, predevelopment loan, construction management
→ Asian Pacific American Network of Oregon (APANO)
→ SERA Architects
→ O’Neill/Walsh Community Builders
→ Oregon Housing and Community Services
→ Portland Housing Bureau
→ Home Forward
→ Network for Oregon Affordable Housing (NOAH)
→ U.S. Bank CDC
→ Low-income-housing tax credit equity
→ Metro Transit Oriented Development funds
→ Community Development Block Grant (CDBG) funds
→ Property-based Section 8 vouchers
→ Oregon General Housing Account Program (GHAP) funds
→ Oregon Low Income Weatherization Program funds
→ Construction and permanent loans
→ Sponsor funds
Construction: $12 million
Total Development: $16 million
January 2018 to February 2019