June 3rd, 2020
Metro bond makes its mark in Old Town Beaverton promising 54 apartments by end of 2021.
The first of the Metro Regional Affordable Housing Bond buildings broke ground on Friday, June 26, in Beaverton.
The Mary Ann will have 54 new affordable apartments in Old Town in Beaverton. The developer is REACH, which has built affordable housing for low-income families and individuals in the metropolitan region since 1982. The Mary Ann is REACH’s first project in the City of Beaverton.
As is common in coronavirus times, the groundbreaking was shared virtually rather than attended in person by stakeholders.
REACH has been working with the City of Beaverton to identify a project in the city’s growing downtown core to meet working families’ needs. With the 2018 passing of the Metro Regional Affordable Housing Bond, Beaverton and Metro selected the Mary Ann as one of the first bond-funded projects, committing $3M.
“The Mary Ann groundbreaking is symbolic of the 3,900 homes that will be built using funds secured through the 2018 Regional Affordable Housing Bond,” said Metro Councilor Craig Dirksen.
In Washington County, 1 out of 4 renters is considered rent-burdened, paying more than 50% of their income towards rent. This new building will help address the high rent burden experienced by a significant proportion of Beaverton’s renter households.
“Affordable housing projects like this one are a critical piece in the creation of a vibrant community — providing families of all incomes stable housing close to work and play,” said Washington County Chair Kathryn Harrington. “We are grateful to have so many partners at the table, working together to make this a reality.”
With more than half of the apartments containing two or more bedrooms, the Mary Ann will be home to very low-income families with children with incomes at or below 60% of the Area Median Income (AMI), with 20% of the units set aside for households at or below 30% AMI. Onsite programs and services for residents will be provided through a partnership with Bienestar. As part of their work, Bienestar provides culturally specific, bilingual services to the Latinx and low-income communities of Washington County.
“Creating equitable opportunities for larger families to live in the opportunity-rich, Old Town neighborhood in Beaverton was a key priority in developing this site,” said REACH CEO, Dan Valliere. “With access to affordable transit options, high-quality healthcare, proximity to living-wage jobs, and many community resources, The Mary Ann will be a supportive place to call home where families and individuals can realize their goals.”
Title: The Mary Ann affordable housing breaks ground
Author: Joseph Gallivan
Date: June 29, 2020