Established in 2009, HDC Community Fund provides low-interest loans tailored to the needs of affordable housing developers. Totaling $4.6 million to date, our loans have supported the creation or preservation of 1,055 units of affordable housing and 57,000 square feet of service-facility space. They’ve helped leverage more than $230 million in additional financing for needed community projects.
Learn about some of our loans:
Glisan Commons and Gilman Court
Recipient: Human Solutions, Inc. – Portland, Oregon
What this loan supports: Land acquisition for Glisan Commons, a new transit-oriented development that combines affordable housing and essential services in East Portland’s Gateway district. Read More.
Isabella Court/62nd Avenue
Recipient: Affordable Community Environments (ACE), a subsidiary of REACH Community Development – Vancouver, Washington
What this loan supports: Land acquisition for a two-phase development that will provide critically needed affordable housing for low-income seniors and families in Vancouver, Washington. Read More.
Recipient: Caritas Housing, an affiliate of Catholic Charities of Oregon – Portland, Oregon
What this loan supports: Predevelopment work for the preservation and expansion of an aging rent-restricted affordable housing project in Molalla, Oregon. Read More.
Recipient: Human Solutions – Portland, Oregon
What this loan supports: Acquisition of a market-rate rental property that will be redeveloped and restructured to provide affordable housing and a dental clinic serving low-income families and individuals. Read More.
Recipient: Community Partners for Affordable Housing (CPAH) – Tigard, Oregon
What this loan supports: Bridge funding to meet funder liquidity thresholds, which enabled CPAH to move forward with construction of 48 affordable homes for low-income seniors and formerly homeless veterans. Read More.