Oleson WoodsLocated in
Tigard, Oregon, a community where the number of renter households
living in overcrowded conditions increased by 170 percent between 1990
and 2000, Oleson Woods Apartments provides three- and four-bedroom
townhouse-style apartments to families who make less than 46 percent of
the
area median income.
Many green features have been incorporated into the development,
including energy-efficient appliances, low-VOC (volatile organic
compound) finishes, and extra insulation. In addition to the six
buildings, which contain 32 units, the site is home to a restored
wetland and has been designated as a sensitive area. Fifty species of
plants and animals—some of which are threatened—have been spotted on
the site and over 200 trees have been planted there.
A modest share of
funding for the project came from the Oregon
Housing Trust Fund. In addition, developers benefited from over $3 million in
Low Income Housing Tax Credit equity, a $700,000 commitment of
HOME funds from the County, and $273,000 from a
community development block grant.
Image and case study courtesy of
Urban Land Institute Development Case Studies.
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