FamilyCare gift will support Asian Health and Service Center’s new facility and first-of-its-kind Asian Cancer Resource and Support Center.
Wednesday, March 30, 2016

A $2 million gift from Portland-based health company FamilyCare Health will help Asian Health and Service Center (AHSC) build a 30,500-square-foot facility to house its culturally specific health and social-service programs—soon to include the new Asian Cancer Resource and Support Center, the first of its kind in Portland.

AHSC serves as a “bridge between Asian and American cultures,” and works to reduce health inequity and improve healthcare quality for all Asian Americans. The new facility in Southeast Portland’s Lents community will nearly double AHSC’s current rented space and enable the 33-year-old nonprofit to expand its programs to meet the needs of a fast-growing client population.

FamilyCare’s gift pushes AHSC’s $6 million capital campaign past the halfway mark, joining other private donations that include a $500,000 contribution from Meyer Memorial Trust. Besides capital campaign contributions, the $13.3 million development will be funded with new markets tax credits and loans from Portland Development Commission and a commercial lender.

“Through this grant, Family Care is demonstrating its commitment in reducing health disparities for Portland's diverse and growing Asian population,” said AHSC Board Chair Dr. Erik Szeto.

Housing Development Center is privileged to be AHSC’s development consultant for the project, helping AHSC to design and execute a strong financing plan and to manage the development team. We’re excited to continue working with AHSC and the rest of the team, including Holst Architecture and O’Neill/Walsh Community Builders, to bring this innovative and needed project to completion. Construction is scheduled to start in October.  

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Meredith Bowie joins HDC as Director of Finance and Operations.
Tuesday, March 29, 2016

Housing Development Center is pleased to welcome Meredith Bowie as director of finance and operations (as we say a fond goodbye to her predecessor, Deb Constans, who will retire at the end of this week). Previously director of finance and operations for the Monterey Museum of Art in California, Meredith brings extensive knowledge and experience in nonprofit accounting and fiscal and operations management to this essential leadership role.  

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HDC starts portfolio-sustainability work with nine Oregon affordable housing owners, second cohort funded through Meyer Memorial Trust partnership.
Monday, March 21, 2016

HDC’s asset management team is excited to start working with the second cohort of Sustaining Portfolios Strategy participants to develop comprehensive portfolio assessments—which will lead to implemented portfolio sustainability plans within three years. These nine affordable housing owners from around the state were selected by Meyer Memorial Trust to receive funding and HDC technical assistance aimed at ensuring the long-term sustainability of Oregon’s affordable housing portfolios. 

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Innovative Excel tool aids cost-efficient capital needs planning for Cascadia Behavioral Healthcare.
Monday, March 14, 2016

One of HDC’s important services is to help affordable housing providers plan for the long-term capital needs of their properties. Last fall, we had the opportunity to work with Cascadia Behavioral Healthcare to address a challenging, yet common, capital needs planning problem: how to translate point-in-time data about individual properties into a dynamic projection of portfolio-wide capital needs costs. Assisted by database developer Doug Glancy, we helped Cascadia create an Excel tool that’s as powerful as anything we’ve seen for bridging that information gap. 

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Housing Development Center is hiring!
Tuesday, March 01, 2016

We are looking for talented individuals who share our commitment to creating equitable communities, where all people can meet their basic needs and thrive.  

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Following speedy renovation of former strip club, Human Solutions Emergency Family Shelter opens for service.
Wednesday, February 24, 2016

Congratulations to Human Solutions on the opening of its new SE 160th Avenue emergency family shelter last month! If we're a little late with this post, maybe it's because it all happened so quickly: as reported in this article from the Portland Tribune, the shelter opened just 10 weeks after Human Solutions purchased the former strip club and started renovating it.  

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Station 162 in the news: An $8.8 million investment from U.S. Bank helps finance "model" special-needs housing development, reports Affordable Housing Finance magazine.
Tuesday, February 23, 2016
we reported 

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HDC welcomes Joni Hartmann as HDC Community Fund Executive Director and HDC Deputy Director.
Friday, February 19, 2016

Housing Development Center is extremely pleased to announce that Joni Hartmann has joined our staff in the dual role of HDC Community Fund Executive Director and HDC Deputy Director. As HDC Community Fund Executive Director, Joni will be responsible for our lending activities, working directly with both funders and borrowers. As HDC Deputy Director, Joni will be a member of HDC’s management team; she will supervise and support HDC’s asset management team as well as provide direct client services across our development and asset management programs.  

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Station 162, now under construction, will support self-directed living for adults with severe physical disabilities and very-low-income seniors.
Monday, February 08, 2016

With closing of $11.3 million in project financing structured by HDC, QUAD Inc. has started construction of Station 162. HDC has been working with QUAD Inc. for more than two years to develop this innovative special-needs housing community in Gresham, and is now serving as owner’s rep on the 12-month construction project.  

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What you need to know about LIHTCs in Oregon.
Wednesday, February 03, 2016

We recently wrote about HDC’s advocacy work related to the draft 2016 Qualified Allocation Plan (QAP), out for public comment through February 10. The QAP is Oregon’s annually updated guidelines governing projects that use issuing low-income housing tax credits, or LIHTCs. Here’s a short primer on why LIHTCs are so important. 

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