Preservation Loan
Purchase of Existing Project to Convert to Affordable
Closed Loans

Closed Loans

sub

The following PDFs contain full descriptions of properties for which loans have been closed.

Hawthorn Apartments

Location: Eugene, OR
Thirty-five homes for families located in three buildings originally constructed in 1982.

LaGrande Retirement Center

Location: LaGrande, OR
Forty-six homes for seniors and people with disabilities located in a three-story, elevator served building.

Crestview Court Apartments

Location: Beaverton, OR
Forty-eight homes for families located in three separate three-story walk-up buildings.

Walnut Park Apartments

Location: Portland, OR
Three story elevator served building. On-site laundry room, leasing office, lobby area and green space with gazebo.

Cottonwood I Apartments

Location: Hermiston, OR
Seven two-story buildings originally constructed in 1978 and containing 22 homes for families.

Cottonwood II Apartments

Location: Hermiston, OR
Three-story building originally constructed in 1979 containing 24 homes for seniors.

Quimby Apartments

Location: Bend, OR
Three story, elevator served seniorbuilding with shared lounges and laundry rooms on each floor. The 53-home property also includes a detached single-family house.

Roselyn Apartments

Location: Portland, OR
Three story, elevator served building built in 1919 and extensively renovated in 1979.

Spring Street Apartments

Location: Medford, OR
Three story, elevator served property built in 1977. Secured, controlled entry, small tenant lounge with a kitchen area and one manager’s unit.

Upshur Apartments

Location: Portland, OR
Five buildings of two-story townhouses built in 1981.

Seneca Terrace

Location: Milwaukie, OR
Fifteen single-story, garden-style buildings containing 32 homes for families, with a new laundry room and large playground onsite. Originally built in 1982.

Suislaw Dunes

Location: Florence, OR
Forty-five units in several two-story, garden-style buildings. This complex includes homes for families and seniors on the Oregon Coast.

Julian Hotel

Location: Corvallis, OR
This four story building in the heart of downtown Corvallis includes 35 affordable homes. It includes commercial space, studio apartments, and one-bedroom apartments. Originally built in 1892.

Hollyfield Village

Location: Lake Oswego, OR
This building in Lake Oswego is one of only two affordable housing options in the City. It includes 30 affordable homes, including 28 one-bedroom units and 2 two-bedroom units. It was originally built in 1982 and primarily serves seniors.

Benessere Village

Location: Hillsboro, OR
This project in downtown Hillsboro was purchased using NOAH's Highly Accessible Site Land Loan. It will soon be 74 units of senior housing, and is located within two and one-half blocks of a MAX light rail and bus station. It is close to employment, shopping, and services.

Bronaugh Apartments

Location: Portland, OR
This four story building in the heart of downtown Portland includes 51 affordable homes. Originally built in 1905 and renovated in 1982, the building includes 11 studio units and 40 one-bedroom units. It is now home to low income seniors.

Hawthorne East

Location: Portland, OR
This seven story building located in close-in South East Portland includes 71 one-bedroom affordable homes. Amenities include a main floor foyer, lounge, leasing office, laundry and fitness rooms. It provides homes to low income seniors and people with disabilities, and was originally built in 1982.

Greenview Terrace

Location: Portland, OR
This building was formerly 31 units of market rate apartments that is now converted to affordable housing. The building is now home to individuals and small families with low incomes.

Housing Works Townhomes

Location: Redmond, OR
The OHAF Market to Affordable Loan was used to acquire 19 two and three bedroom townhomes in Redmond Oregon. The units were built between 2007 and 2010 as part of a larger development, but due to the downturn, the developer was unable to sell them. They are now home to families with low incomes.

Rosewood Place

Location: Gresham, OR
The OHAF Loan was used to acquire a 26 unit market rate apartment building in Gresham, Oregon. The housing will now be supportive housing for families earning between 30% and 50% of the area median income. The property was purchased by Human Solutions.

Habitat for Humanity, Living Cully I

Location: Portland, Oregon
The OHAF Loan was used to provide capital to Habitat for Humanity to acquire a site located in the Cully neighborhood
for future development of 15 new affordable homes. Participants must earn between 35% and 60% of the Area Median Income and contribute 500 hours of sweat equity in the construction of their home or other Habitat homes.

Habitat for Humanity, Living Cully II

Location: Portland, Oregon
The OHAF Loan was used to provide capital to Habitat for Humanity to acquire a second site located in the Cully neighborhood for future development of between 10 and 15 new affordable homes. Participants must earn between 35% and 60% of the Area Median Income and contribute 500 hours of sweat equity in the construction of their home or other Habitat homes.