News

A powerful cost-saving initiative pioneered in Oregon by HDC and our colleagues will be reproduced nationally.
Wednesday, December 21, 2011

Good ideas can be contagious. Starting January 1, 2012, the Streamlining Compliance Initiative will vastly reduce the costs of developing and managing affordable housing in Oregon by eliminating duplicative property inspections and reporting requirements. Now, seven other states, including Washington, will join Oregon in an effort to reproduce this initiative nationally. The goal: to consolidate affordable-housing property inspections required by the federal agencies HUD, USDA, and the IRS. 

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Awarded HUD 811 funds, Cedar Sinai Park will move forward on a new housing project for adults with developmental disabilities
Wednesday, November 16, 2011

Today, the U.S. Department of Housing and Urban Development announced that Cedar Sinai Park’s Kehillah Housing Project will receive HUD 811 funding, including a $1.878 million capital grant and rent subsidies—a major milestone for the planned 14-unit new development. Located on Cedar Sinai’s southwest Portland campus, the Kehillah Housing Project will provide needed independent housing for adults with developmental disabilities, while easing caregiving burdens on residents’ aging parents. Cedar Sinai has made a significant commitment to the project, dedicating land on its property and undertaking a successful capital campaign to fund construction. HDC has assisted in securing funds for the Kehillah Housing Project, including today’s HUD 811 award as well as funding from the City of Portland.  To read an article about the award from the Portland Jewish Review click here

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Gail Monahan joins Housing Development Center’s staff as Director of Asset Management
Monday, October 17, 2011
HDC welcomes Gail Monihan as the leader of our Asset Management Services program. Gail has 23 years of experience in affordable-housing asset management. In her previous position as Vice President at Capmark Affordable Equity, Gail oversaw the company’s portfolio of 500 properties and supervised a team of 12. Gail was responsible for developing Capmark’s asset management policies, including assessment of general partner capacity, and leading her team in property workouts. Prior to joining Capmark, Gail worked at PNC Multifamily Capital for 12 years, directing PNC’s tax credit compliance efforts, evaluating investment performance, and determining strategies for strengthening the operational performance of PNC’s portfolio, including executing dispositions and Year 15 exits. While at these LIHTC investment companies, Gail oversaw the development of database systems and improved reporting capabilities, enabling investors, managers, and other stakeholders to better understand the performance of properties. Previously, Gail has also worked for the Department of Communities and Development in Boston, MA, and for the AFL-CIO. Gail has a Bachelor of Arts in Urban Studies from Wellesley College and a Masters in City Planning from the Massachusetts Institute of Technology.
McCallister Village is tapped to receive Vancouver-Clark County’s 2011 Community Pride Design Award
Monday, October 10, 2011

Clark County and the City of Vancouver, Wash., grant the Community Pride Design Award every fall in recognition of great design efforts in the region. This year, the recently completed McCallister Village, developed by Affordable Community Environments (ACE) with assistance from Housing Development Center, will be honored as a recipient. HDC provided financial services and construction management for this 48-unit, new construction project, located in Vancouver’s Fruit Valley neighborhood. We congratulate ACE and the entire development team, including Carlton Hart Architecture and TEAM Construction. Says ACE Executive Director, Leah Greenwood, “I think the award is a true testament to the value of community participation in the design of McCallister Village.” An awards ceremony will be held on Thursday, November 10th at Clark County Public Service Center at 1300 Franklin St, Vancouver, WA. 

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East Multnomah County’s Rockwood Building celebrates its grand opening
Tuesday, October 04, 2011

Located at NE 181st and Couch Streets in Gresham, the Rockwood Building provides beautiful new facilities for six non-profit organizations and homes for 47 low-income households, including 15 rent-subsidized apartments for previously homeless families. Under a single roof, local residents can access a range of needed services from project sponsor Human Solutions, Inc., Mt. Hood Head Start, Wallace Medical Concern, Loaves and Fishes, LifeWorks NW, and Metropolitan Family Service, with available space for use by the community. In the Gresham Outlook’s informative article, Human Solutions board member Bruce Whiting commented, “It’s our best and greatest project to date.” Housing Development Center provided technical assistance to the landmark project, helping to assemble 21 sources of financing totaling $16.9 million. Congratulations to Human Solutions, as well as to our fellow team members, Myhre Group Architects and Howard S. Wright.  

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Housing Development Center is named one of Oregon’s “100 Best Nonprofits To Work For In Oregon”
Wednesday, September 28, 2011

For the second year in a row, HDC has been recognized by Oregon Business magazine and the Nonprofit Association of Oregon as one of the “100 Best Nonprofits to Work for in Oregon”. Nearly 5,500 employees from 170 nonprofits statewide participated in the survey, scoring their workplaces on factors including work environment, management and communication, mission and goals, and career development and learning. HDC Executive Director Robin Boyce and Housing Development Director Philip Dochow attended an event to honor the top 100 organizations on September 28th.  

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Renovation work begins on Columbia Cascade Housing Corporation’s Riverside and Bella Vista projects
Tuesday, September 13, 2011
When HOPE CDC closed its doors, Columbia Cascade Housing Corporation stepped up to ensure that HOPE's affordable housing Properties, Riverside and Bella Vista, would continue to serve the Hood River community. With the assistance of Housing Development Center, Columbia Cascade acquired these two important workforce housing properties and completed a LIHTC Year 15 exit of the original partnership. On Sept. 13th, HDC and Columbia Cascade closed financing to begin a $2.4 million renovation of the properties, designed by William Wilson Architects. HDC is providing construction management and relocation services, as LMC, Inc. begins construction work this month. We extend our congratulations to Columbia Cascade and its executive director, Ruby Mason, for the results of their hard work and dedication.
HDC’s Asset Management and Portfolio Preservation (AMPP) curriculum is granted the 2011 Asset Champion
Monday, September 12, 2011

As reported in its September newsletter, statewide affordable housing association Oregon Opportunity Network bestowed the newly created award on HDC at its 2011 Awards Gala, held September 12th. The AMPP curriculum is an 18-month training program focused on increasing affordable housing providers’ asset management capacity; its objective is to strengthen the performance of affordable housing properties to ensure organizational sustainability and better meet the needs of residents and the community. Contact Kimberly Taylor at Kimberly@housingdevelopmentcenter.org, (503) 335-3668 for more information on AMPP. 

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Four housing organizations gain a valuable training opportunity from HDC
Thursday, September 08, 2011
Through a HUD-funded grant from Neighborhood Partnerships, Housing Development Center was able to invite four community housing development organizations to join the members of our Asset Management and Portfolio Preservation (AMPP) I class at an all-day Replacement Reserve Training on September 8th. Hacienda CDC, Portland Community Reinvestment Initiatives, Northwest Housing Alternatives, and NeighborWorks Umpqua joined participants representing six other housing organizations, as well as staff from Oregon Housing and Community Services (OHCS), Portland Housing Bureau, and Network for Oregon Affordable Housing. In total, 50 individuals spent the day learning to project capital needs and available resources, a crucial part of planning for the future of our region’s affordable housing. Thanks to Catholic Charities for hosting the event. Note: Organizations can access the Replacement Reserve model used at this training — updated to incorporate OHCS’s required replacement reserve report — on our website.
HDC Community Fund receives CDFI Fund Award
Monday, July 18, 2011

Housing Development Center is honored to receive a $500,000 grant from the U.S. Treasury’s Community Development Financial Institutions (CDFI) Fund. HDC Community Fund was one of 155 organizations to share in what was the largest single round of grant awards — $142 million in total — in the CDFI Fund’s 17-year history. The major award, designated for loans in support of affordable housing projects, will double the size of the HDC Community Fund, bringing the loan pool to $1 million—and enabling HDC to support even more projects in Oregon and Washington.  

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