Altura apartments grand opening brings much-needed affordable housing to Southwest Beaverton

Beaverton, Ore. | Tomorrow elected officials and project partners will kick off the opening of Altura: one of Southwest Beaverton’s first regulated affordable housing communities. Situated in the growing South Cooper Mountain area, Altura provides 75 new affordable homes for households earning less than30% to 60% of the area median income, i.e. $35,400 to $70,800 for a family of four. The $40.7 million building was developed by BRIDGE Housing as part of a public-private partnership, with financing from Oregon Housing and Community Services, City of Beaverton, Energy Trust of Oregon and Key Bank, including $12 million from Metro’s affordable housing bond.

Washington County Chair Kathryn Harrington shared regarding the project that, “Altura is yet another example of how the regional affordable housing bond is making a real difference in people’s lives across our county. Through the efficient work of our staff and partner organizations like Metro and BRIDGE, we are literally building a brighter future together where everyone has a safe place to call home. This collaboration is in the spirit of the Oregon Way.”

“The Metro affordable housing bond is making it possible for low-income families to find housing stability in South Cooper Mountain – a place that might not have income-limited options without a regional plan,” Metro Councilor Gerritt Rosenthal said. “And places like this, that offer nearby connections to nature – with the beautiful 230-acre Cooper Mountain Nature Park just up the road – are places where any family, regardless of economic class, should be able to live and thrive.”

“We are delighted to bring quality, family-friendly affordable housing to an up-and-coming area of Beaverton,” said Ken Lombard, President and CEO of BRIDGE Housing. “Altura is BRIDGE’s the third affordable housing investment in the Beaverton area over the past year, extending our commitment to Washington County, our valued state and local government partners, and to the people of this great community.”

Housing Authority of Washington County: Has been providing and developing affordable housing opportunities for over 50 years. Today, the effort continues with the county’s Department of Housing Services, formed in 1992 to administer its housing activities and programs, and that of Washington County. Its mission is to create pathways out of homelessness, promote housing stability, and invest in affordable communities for its county’s residents.

Metro Housing Department: Metro is working to create new affordable housing and to reduce homelessness through the oversight of the voter-approved affordable housing bond and supportive housing services measure. Metro collaborates with local cities and counties to implement these local solutions to address a homelessness crisis affecting all communities across greater Portland.

BRIDGE Housing: BRIDGE Housing Corporation is a leading nonprofit developer, owner, and manager of high-quality affordable housing on the West Coast, with a mission to strengthen communities and improve lives. Founded in 1983, BRIDGE Housing has participated in the creation of more than 22,000 affordable homes in California, Oregon and Washington, with a total development cost of $5.8 billion.