Loans

Established in 2009, HDC Community Fund provides low-interest loans tailored to the needs of affordable housing developers. Totaling $3.32 million to date, our loans have supported the creation or preservation of more than 900 units of affordable housing and 57,000 square feet of service-facility space. They’ve helped leverage more than $180 million in additional financing for needed community projects.

Learn about some of our loans:

  • Emergency Response
    160th Avenue Emergency Family Shelter
     
    Recipient:
    Human Solutions
    Amount: $700,000
    What this loan supports: Property acquisition for the development of Multnomah County’s first year-round, 24/7 emergency family shelter. Read More.
  • Support for Seniors
    Cascade Meadows
     
    Recipient:
    Columbia Cascade Housing Corp. – The Dalles, Oregon
    Amount: $125,000
    What this loan supports: Due diligence work to catalyze development of the first low-income senior housing project in Cascade Locks, Oregon. Read More.
  • Kick-starting Innovation
    Glisan Commons and Gilman Court
     
    Recipient:
    Human Solutions, Inc. – Portland, Oregon
    Amount: $70,000
    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.
  • Timely Response
    Isabella Court/62nd Avenue
     
    Recipient:
    Affordable Community Environments (ACE), a subsidiary of REACH Community Development – Vancouver, Washington
    Amount: $274,818
    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.
  • R.A.D. Preservation
    Parkway West
     
    Recipient:
    Salem Housing Authority – Salem, Oregon
    Amount: $250,000
    What this loan supports: Predevelopment work for the rehabilitation of 78 units of affordable rental housing. The rehab includes remediation of extensive moisture-penetration issues. Read More.
  • Rural Redevelopment
    Rondel Court
     
    Recipient:
    Caritas Housing, an affiliate of Catholic Charities of Oregon – Portland, Oregon
    Amount: $200,000
    What this loan supports: Predevelopment work for the preservation and expansion of an aging rent-restricted affordable housing project in Molalla, Oregon. Read More.
  • Gap Funding
    Rosewood Plaza
     
    Recipient:
    Human Solutions – Portland, Oregon
    Amount: $350,000
    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.
  • Bridge funding
    The Knoll
     
    Recipient:
    Community Partners for Affordable Housing (CPAH) – Tigard, Oregon
    Amount: $70,000
    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.
  • Urgent Remediation
    The Pines
     
    Recipient:
    Human Solutions – Portland, Oregon
    Amount: $216,000
    What this loan supports: Remediation of mold uncovered during the renovation of The Pines, a 66-unit apartment complex providing affordable homes to low-income households in East Portland. Read More.
  • SPRAC Preservation
    Westmoreland's Union Manor
     
    Recipient:
    Union Labor Retirement Association – Portland, Oregon
    Amount: $500,000
    What this loan supports: Predevelopment work for the preservation of one of the region’s largest affordable senior housing projects. Read More.