Funding will support creation of 70 tiny homes for low income homebuyers and 10 units to help transition veterans out of homelessness
The Eugene City Council approved the use of Affordable Housing Trust Funds (AHTF) to support two low-income housing projects that applied for the funds earlier this year.
- $670,000 was awarded to SquareOne Villages for Peace Village, a new development of 70 owner-occupied tiny homes for low-income households located on River Road. The project combines the use of a community land trust with a limited equity cooperative housing model. SquareOne retains ownership of land to preserve long-term affordability and residents collectively own their housing and build equity over time. The tiny homes will be built on property that was previously owned by Peace Presbyterian Church. The existing church buildings will also be used as common facilities with community kitchen, meeting and administrative space, and laundry. Construction is expected to begin later this year.
- $350,000 was awarded to St. Vincent De Paul Society of Lane County, Inc. (SVdP) for Green Lane Veteran’s Housing, a new development of 10 units of transitional housing for veterans experiencing homelessness on Green Lane. The project is a partnership with the US Department of Veteran’s Affairs Grant and Per Diem Program. On-site resident services, including case management, will be included as part of the project with the goal of connecting residents to services and benefits, increasing incomes and supporting the transition to permanent, stable housing. Construction is expected to begin next year.
This is the second year AHTF have been awarded to local affordable housing projects. The AHTF was established in 2020 and is funded by a 0.5% construction excise tax on the construction of new structures and additions to existing structures in Eugene. The AHTF pays for projects and programs that increase availability and access to owner and renter occupied housing that is affordable to middle- and low-income community members.
Since the AHTF was created:
- $1.3 million of AHTF has leveraged more than $48 million to support new affordable housing in Eugene
- Funds are supporting the creation of 130 new rental units and 70 new owner-occupied tiny homes
- Rental assistance and foreclosure prevention services supported by the fund have kept over 100 local families and individuals in their homes in the wake of the pandemic
SquareOne and SVdP applied for the AHTF through a competitive request for proposals (RFP) process. Proposals were reviewed, scored, and ranked by community members on the AHTF Advisory Committee. That recommendation was shared with the Eugene City Council, who makes final decisions for AHTF awards.
Summaries of this year’s funded projects are attached (and below), and the full proposals are available on the city’s website. For more information on the AHTF visit eugene-or.gov/affordablehousingfund.
Affordable Housing Trust Fund 2022 Request for Proposals
3060 River Road
- New construction proposal
- 70 units, 78 bedrooms: 62 one-bedroom, 8 two-bedroom units
- Attached tiny homes with shared open space.
- Existing church buildings would be re-used as common facilities with community kitchen, meeting and administrative space, laundry.
- Combines community land trust with limited equity cooperative housing model; SquareOne retains ownership of land to preserve long-term affordability and residents collectively own housing
- Residents earning up to 60% Area Median Income (AMI) would be eligible; 14 units are priced at rates affordable at 30% AMI, 56 units are priced at rates affordable at 50% AMI
- Partnership with NAACP
- Would assist smaller households, people experiencing homelessness, households with rent burden, households that faced eviction, and people with disabilities.
- AHTF funds proposed: $670,000; City Fee Assistance approved $500,000
- Total development cost: $13,633,328
- Cost per unit: $194,762
- Cost per bedroom: $174,786
- Other proposed funding sources: State funding (HB 5006 & HB 5202) awarded; State Local Innovation Fast Track (LIFT) funds, private bank loan, fundraising
- Construction is anticipated to begin by
- the end of 2022
Green Lane Veteran’s Housing
St. Vincent de Paul of Lane County
101 Green Lane
- New construction proposal
- 10 one-bedroom units
- Two residential buildings and a one-story office building with meeting rooms and laundry services
- Transitional housing program where residents can stay up to two years
- Serving veterans experiencing homelessness
- On-site resident services provided, including case management
- Goal of program to increase resident incomes to transition to stable housing
- Partnerships with US Department of Veteran’s Affairs: Grant and Per Diem Program
- Will serve chronically homeless and homeless Veterans which may also include people with mental and/or physical disabilities, people with drug and alcohol addiction, victims of domestic violence, people with HIV/AIDS and people experiencing foreclosure or eviction.
- AHTF funds proposed: $350,000
- Total development cost: $2,300,000
- Cost per unit: $230,000 (including resident services)
- Cost per bedroom: $230,000 (including resident services)
- Other funding sources: VA Capital Grant, State ARPA funds, bequest, proceeds from sale of existing properties
- Will apply for a 20-year LIRHPTE
- Construction anticipated to begin in July 2023