The Mary Ann is REACH Community Development’s first community in Beaverton, serving Latinx and low-income families with culturally specific, bilingual resident services through a partnership with Bienestar. In partnership with the city, The Mary Ann was the first project to begin construction with funding through the Metro Regional Affordable Housing Bond.
With more than half of The Mary Ann’s 54-units featuring two or more bedrooms, this community will be home to very low-income families (with children) with incomes at or below 60 percent of the Area Median Income (AMI), with 20 of the units set aside for households at or below 30 percent AMI. In addition, the Mary Ann features parking spaces, a secure bike room, laundry facilities, and a community room that opens to a large courtyard. This community is located by transit options like the MAX Light Rail and WES Community Rail, as well as grocery stores, the library, post office, restaurants, parks, and across the street from Beaverton High School.
The city 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.
The $22.6 million project is financed with funding from the city’s allocation of the Metro Regional Affordable Housing Bond, Oregon Housing and Community Services, Business Oregon, Washington County, city grant funds, the Beaverton Urban Redevelopment Agency, and Energy Trust of Oregon. Permanent financing will be provided by the Network for Oregon Affordable Housing. Wells Fargo Bank made an almost $12 million Low Income Housing Tax Credit equity investment in the project and is also the construction lender. The Community Housing Fund provided acquisition financing. The waitlist is open and REACH is currently accepting applications. These units are restricted for households with incomes at or below 50 to 60 percent of the AMI. Rents range from $753 to $1,141 per month, depending on unit type.
Applications are available in English, Spanish, and Thai. Please contact REACH at 971-348-4006 if you need support in another language.