Increase Housing Options

Graphic of high rise building. Graphic of people in residential neighborhood. 
Beaverton’s Community Vision Plan outlines the city’s goal of increasing downtown housing options with an emphasis on transit-oriented development. BURA, in partnership with the City of Beaverton, is committed to making strategic investments to support the community’s housing goals. The City of Beaverton adopted its first Housing Five Year Action Plan in FY16-17.

This section evaluates the outcomes of BURA’s housing investments and provides an update on all new housing development projects as well as an overview of all housing within the Urban Renewal Area (URA). These six metrics highlight the outcomes that BURA and the City of Beaverton aspire to achieve with its investments and public policies. This includes an increase of downtown housing options and of affordable housing units, particularly housing that is regulated to ensure units are preserved for eligible residents.

In FY16-17, there were 1,932 total housing units in the URA. Of these units, 131 were developed and came online during the fiscal year. In terms of affordable housing, there are 81 affordable, regulated housing units in the URA. The Rise Central development broke ground during FY16-17 and will include 15 new units of regulated affordable housing.
FY16-17 Highlights
 
1,932
 Total Number of Housing Units in the URA

131
 Number of New Housing Units
Completed in Downtown Beaverton

81
Number of Affordable, Regulated Housing
Units Opened in the URA

157%
% of all New Housing Developed in the URA out-paced new housing in Beaverton
 
3,002
Total Number of Housing Units Located
with 1/2 Mile of Public Transit
Light Rail Stations in the URA
The openings of The LaScala and The Rise Old Town also increase the total number of housing units that have improved access to transit with light rail stations less than one-half mile away. Furthermore, BURA and the City of Beaverton are on track to accomplish its housing goals for the downtown community.