Lancaster Bridge has been an important affordable-housing asset for the Corvallis community since Willamette Neighborhood Housing Services (WNHS) built it in 1996. This complex of 17 buildings provides homes to 50 low-income households, or about 160 residents, more than half of whom are children. But in 2011, the property was suffering from water-intrusion and mold problems, as well as financial challenges that put its long-term viability at risk. WHNS partnered with Housing Development Center to plan and implement a major, coordinated financial and physical overhaul that greatly improved the property’s performance and extended its life by at least another 30 years.
- Client Willamette Neighborhood Housing Services
- Location Corvallis, Oregon
- Size 50 units; 53,006 square feet
- Development team Bergsund DeLaney Architect and Planning, Walsh Construction Co.
- Completion date December 2013
- HDC role Organizational asset management training, capital planning, financial structuring, construction management and tenant relocation.