Affordable Housing Development Portfolio Rehabilitation

The Housing Authority of Washington County has completed comprehensive renovations at ten affordable housing communities called the AHP Portfolio Rehabilitation Project, with two separate phases.

Phase I consisted of the following communities: Bonita Villa and The Ridge at Bull Mountain in Tigard, Parkside and Villager in Forest Grove, and Aloha Park in Beaverton. In total, 332 apartments were modernized at a total development cost of $124 million in partnership with development consultants, investors, and construction partners to ensure long-term viability and sustainability. This work was wide-ranging, and the workforce has engaged with residents on this plan. Construction was completed between Fall 2022 and Fall 2024.

Phase II consisted of the following communities: Holly Tree Village in Beaverton, Tarkington Square and Amberwood Apartments in Hillsboro, Marilann Terrace in Aloha, and Cornelius Village in Cornelius. In total, 260 apartments were rehabilitated at an approximate total development cost of $134 million. Construction was completed between Spring 2024 and Summer 2025.

In total, the project created 300-400 family-wage jobs, generated over $90 million in private investment, and directly served 1,152 residents.

Renovations included accessibility modifications such as new roofing, siding, stairs, paint, plumbing, electricity, heating, and ventilation systems, appliances, and much more. Accessibility, energy efficiency, and sustainability were key goals of these renovations. This project preserves the affordability of these homes for decades into the future, as the Housing Authority of Washington County leveraged the federal Low-Income Housing Tax Credit program, which requires the housing to be kept affordable for at least thirty years.

Development costs include not just construction costs, but the development and acquisition costs of the land as well.