(Photo | Courtesy of Housing Works)
Housing Works is excited to announce the grand opening of a new affordable mixed-use property in Bend. On Thursday, September 16, beginning at 3pm, Housing Works staff will gather with partners, government representatives, service providers and community members to celebrate the grand opening of Phoenix Crossing.
Phoenix Crossing, located just off the major east/west corridor in the City of Bend, offers convenient access to Pilot Butte State Park, walking trails, shopping and commercial services, job opportunities and local public transportation. It is a three-story, mixed-use building with two floors of studio and one-bedroom apartments over commercial space. The 24 apartments provide much-needed affordable housing opportunities for some of Bend’s most vulnerable populations. The ground floor will contain the main office of EPIC, Housing Works’ wholly owned property management company; the leasing office; and a community room for the residents. “The rent increases in Bend have affected everyone, but for some of our most vulnerable citizens, it has been especially difficult. Without our partnerships this property would not have been possible,” says David Brandt, Housing Works Executive Director.
The grand opening event will include speakers from state and local governments and financial partners. After a ceremonial ribbon cutting, guests will be invited to tour the property and enjoy light refreshments. Members of the public are welcome to attend the event.
In addition to Housing Works, the development team included general contractor R&H Construction, architect Jim Landin, investor Wells Fargo, lender NOAH and property manager EPIC. Phoenix Crossing was constructed using funds from Oregon Housing and Community Services’ 9 percent low-income housing tax credits (LIHTC), GHAP, Housing Trust Funds, HOME and Oregon Multifamily Energy Program. The land was purchased from the City of Bend utilizing the Community Development Block Grant funds.
Housing Works is the largest affordable-housing provider in Central Oregon. It provides people with quality, safe and affordable homes; and through a number of collaborations, it provides the resources to help people stabilize their lives. Housing Works developments in Bend, Redmond, Prineville, Madras and Sisters have won awards for innovation, economic impact, design and beautification. For more information, visit housing-works.org.
DETAILS
WHO: Housing Works is hosting a grand opening event at Phoenix Crossing, an affordable apartment community in Bend Oregon. Representatives from City of Bend, bankers, construction contractors and Housing Works’ Commissioners will be participating.
WHAT: Phoenix Crossing consists of 24 studio and one-bedroom units on two floors above commercial space. Household incomes are restricted to those earning 30 percent or less of the area median income. Rents for the apartments are well-below market rate.
Funding for the development was provided from Oregon Housing and Community Services’ 9 percent low-income housing tax credits (LIHTC), and was built on land purchased from the City of Bend utilizing the Community Development Block Grant (CDBG). The general contractor is R&H Construction, who has built several of Housing Works’ affordable communities throughout Central Oregon, and the architect for the new community is Jim Landin of gl3 architects, LLC. Construction financing was provided by NOAH and equity was provided by Wells Fargo Bank.
WHERE: 1475 NE Forbes Road, Bend
WHEN: 3pm on Thursday, September 16
WHY: Phoenix Crossing in Bend was developed by Housing Works, the largest affordable housing provider in Central Oregon, in response to the critical shortage of affordable rental housing in Bend.
Agenda:
- Welcome and Speakers
- Ribbon Cutting, Photos
- Tour open units
- Refreshments served
