


Multi-phased Affordable Housing for Working Families
Bear Creek Apartments, developed in partnership with Home First Development, provides 60 affordable family units in Clackamas County. The project includes 2- and 3-bedroom apartments for households earning at or below 30% and 60% of the area median income (AMI).
Supported by the City of Molalla and local community partners, the development features a 1,500 sq. ft. community gathering space, a basketball court, multiple outdoor areas and fields, bike racks, and access to an on-site creek. These amenities enhance resident services and foster a sense of community. The buildings meet green building standards comparable to Earth Advantage Gold, offering spacious units with patios or balconies and additional storage.
The project was financed through a combination of Local Innovation Fast Track (LIFT) funds, 4% Low-Income Housing Tax Credits (LIHTC), construction and permanent debt, OHCS Multifamily Energy Program funds (OR-MEP), and 8 Project-Based Section 8 vouchers.
1000 W Main St.
Molalla, OR
GLD Role:
Sponsor
COMPLETION:
2024
SIZE:
60 Affordable Homes
61,000 Bldg SF
130,680 Land SF
PARTNERS:
Doug Circosta Architect
503-829-9890

Bear Creek Apartments
Bear Creek Apartments
1000 W Main St. Molalla, OR
SIZE:
60 Affordable Homes
61,000 Bldg SF / 130,680 Land SF
PARTNERS:
Home First, OHCS, Enterprise, WaFd Bank, Beaudin, Doug Circosta Architect, Tabor Design, Laurus Designs

503-829-9890
GLD ROLE:
Sponsor
COMPLETION:
2024
GLD ROLE:
Sponsor
SIZE:
60 Affordable Homes
61,000 Bldg SF
130,680 Land SF
PARTNERS:
Home First Development
Todos Juntos
OHCS
Enterprise Community Partners
WaFd Bank
Beaudin Construction
Doug Circosta Architect
Tabor Design Group
COMPLETION:
2024





Multi-phased Affordable Housing for Working Families
Bear Creek Apartments, developed in partnership with Home First Development, provides 60 affordable family units in Clackamas County. The project includes 2- and 3-bedroom apartments for households earning at or below 30% and 60% of the area median income (AMI).
Multi-phased Affordable Housing for Working Families
Bear Creek Apartments, developed in partnership with Home First Development, provides 60 affordable family units in Clackamas County. The project includes 2- and 3-bedroom apartments for households earning at or below 30% and 60% of the area median income (AMI).
Supported by the City of Molalla and local community partners, the development features a 1,500 sq. ft. community gathering space, a basketball court, multiple outdoor areas and fields, bike racks, and access to an on-site creek. These amenities enhance resident services and foster a sense of community. The buildings meet green building standards comparable to Earth Advantage Gold, offering spacious units with patios or balconies and additional storage.