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3462 NE SANDY BLVD

PORTLAND, OR 97232

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

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


Leasing Website

BearCreek@kpsinc.net

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.

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