Funding will support creation of 98 new affordable homes for low-income households
The Eugene City Council approved the use of Affordable Housing Trust Funds (AHTF) to support three low-income housing developments that applied for the funds this year.
- $552,650 was awarded to Homes for Good Housing Agency for The Coleman, a new mixed-used three-story development in partnership with Sponsors Inc. that will provide 38 apartments and on-site support services to people with conviction histories. The land for the development, at Highway 99 and Roosevelt, was donated by Lane County and is located across the street from Sponsors’ Roosevelt Crossing transitional housing community. The building will include Sponsors’ Re-entry Resource Center, offices, and meeting rooms, providing services to people living on-site, as well as for clients in the community. The project will also receive $470,847 in City Fee Assistance. Construction is anticipated to start in Spring of 2024 and occupancy would begin in 2025.
- $383,434 was awarded to Homes for Good Housing Agency for Bridges on Broadway, which will convert the four story, former Red Lion Hotel, located at 599 East Broadway in downtown Eugene, into a 56-unit Permanent Supportive Housing apartment community serving people experiencing chronic homelessness, including individuals with severe and persistent mental illness and/or substance use disorder. Residents will receive support services to help them maintain stable housing. The project will also receive $173,590 in City Fee Assistance. Construction is anticipated to start in Spring of 2024 and occupancy would begin in 2025.
- $321,528 was awarded to Cultivate Inc. for the Grant Street Grow Homes, four new homeownership homes in the Far West Neighborhood. The four new homes would be built in the backyard area of an existing home and would be available for purchase by low-income households. Three of the new homes would be one bedroom, one-bathroom homes with ability to ‘grow’ to become three-bedroom, two-bathroom homes in the future. The fourth home will be ground level and fully accessible under the Americans with Disabilities Act (ADA). The project will also receive $58,472 in City Fee Assistance. Construction is expected to start in early 2024 and occupancy would occur by 2025.
This is the third year AHTF have been awarded to local affordable housing projects. Including this year’s awards, $2.5 million from AHTF has leveraged more than $45.2 million to support the creation of 178 new affordable homes in Eugene (74 homeownership, 104 rental/permanent supportive housing).
The AHTF was established in 2019 and is funded by a 0.5% construction excise tax on the construction of new structures and additions to existing structures in Eugene. The AHTF pays for projects and programs that increase availability and access to owner and renter occupied housing that is affordable to middle- and low-income community members.
Project developers applied for the AHTF through a competitive request for proposals (RFP) process. Proposals were reviewed, scored, and ranked by community members on the AHTF Advisory Committee. That recommendation was shared with the Eugene City Council, who makes final decisions for AHTF awards.
Summaries of this year’s funded projects are attached, and the full proposals are available on the city’s website. For more information on the AHTF visit eugene-or.gov/affordablehousingfund.