BEAVERTON, Ore. – REACH Community Development has completed construction on The Mary Ann and leasing is underway for 54 new affordable apartments in Beaverton. A media day is scheduled for Monday, Nov. 1 from 9 a.m. to noon at 4601 SW Main Ave.
This is REACH’s first project in Beaverton and the first project to begin construction with funding through the Metro regional affordable housing bond.
“We are so excited to see new affordable housing being built all over our region, including in downtown Beaverton,” said Metro Councilor Gerritt Rosenthal. “The Mary Ann is one of the first projects in the regional affordable housing bond program. These new homes provide safety and stability for people in need, particularly those coming out of homelessness. We are glad residents will have access to culturally specific services and other amenities to help them thrive.”
With more than half of the apartments containing two or more bedrooms, The Mary Ann will be home to very low-income families with children with incomes at or below 60% of the Area Median Income (AMI), with 20% of the homes set aside for households at or below 30% AMI. Onsite programs and services for residents, as well as outreach during lease-up, are provided through a partnership with Bienestar. As part of their work, Bienestar provides culturally specific, bilingual services to the Latinx and low-income communities of Washington County.
“This is a great example of how two strong community development organizations can collaborate in a meaningful way to center the community and residents it serves,” said Bienestar executive director Nathan Teske. “Creating equitable opportunities for larger families to live in the opportunity-rich, Old Town neighborhood in Beaverton has been a key priority in this partnership.”
“The Mary Ann is more than just a building; it’s making sure Beaverton continues to be a place of inclusion where people of different income levels and backgrounds are leaders in their community,” said REACH CEO Dan Valliere. “REACH is honored to be a steward of this important community asset.”
In addition to the new homes, The Mary Ann features 39 parking spaces, bike racks in the garage and wall hung bike racks in the apartments, laundry facilities, and a community room that opens to a large courtyard. Residents will also benefit from the close proximity to transit options like the MAX light rail and WES community rail, multiple shopping opportunities, grocery stores, Beaverton City Library, post office, restaurants, services, parks, and across the street from Beaverton High School.
The City of Beaverton is dedicated to increasing the availability and accessibility of affordable housing in city neighborhoods to ensure home stability for all community members as there is growing demand for housing at all income levels. The city’s Housing Five Year Action Plan outlines goals and actions to lessen the burden of rising rents, increase affordable housing, support low-income residents and reduce homelessness.
"I'm so pleased that we have another affordable housing project completed," said Mayor Lacey Beaty. "We know that our housing crisis isn't going away, and it's important that we continue to collaborate with partners to create more affordable housing in our community. I'm grateful to our all-star staff and partners who are growing our city in equitable ways, with intentionality and complex decision-making, while always keeping our community vision top-of mind."
The $22.6 million project is financed with funding from the City of Beaverton’s allocation of the Metro affordable housing bond, Oregon Housing and Community Services, Business Oregon, Washington County, City of Beaverton grant funds, the Beaverton Urban Redevelopment Agency, and Energy Trust of Oregon.
Learn more: www.BeavertonOregon.gov/housing.