Tomorrow from 1-3 PM, Related Northwest and Washington County will join local leaders and development partners to celebrate the completion of Terrace Glen Apartments, a new housing community providing 144 much-needed affordable homes. Located on a 2.88-acre parcel in the heart of Tigard's Metzger neighborhood within the Washington Square District, Terrace Glen is an intergenerational development for low and very low-income families and seniors (30%-60% AMI), with three units designated as Permanent Support Housing for homeless youth. The grand opening will include a ribbon cutting and speeches by elected officials.
Terrace Glen was developed by Related Northwest, designed by C2K Architecture and constructed by Walsh Construction with a sustainable Earth Advantage Multifamily Certification. It is comprised of two, 4-story buildings formed around an inner courtyard that create a central communal area with a playground and barbeque area. Surrounding the courtyard are the common area amenities such as a community room with a kitchen, teen lounge, art and craft space, shared laundry, and car/bicycle parking. Terrace Glen will consist of studio, one, two, three and four-bedroom units. Rents will range from $592‐$1,706 per month.
EngAGE will provide on-site resident services for all tenants including an array of enrichment programs, such as arts education, health and wellness, and computer/technology classes. IRCO will provide outreach support and supplemental on-site services, with HomePlate providing youth services for the PSH units. Major lenders and funders include Washington County through their allocation of the 2018 voter-approved Metro Affordable Housing Bond, Metro Transit-Oriented Development Grant, Oregon Housing & Community Services, Oregon Department of Energy, Energy Trust of Oregon, Citibank and US Bank.
This public-private partnership is an integral part of Washington County’s plan to increase the supply of affordable housing. Terrace Glen is the 12th Metro-bond funded development to be completed and the second in Tigard in less than two years. “Housing insecurity affects us all, so when people cannot afford homes for themselves and their families, housing like Terrace Glen are part of the answer. This demonstrates the power of a community coming together to build a brighter future. It is through this spirit of collaboration, in honor of The Oregon Way, that we can achieve concrete results,” shared County Chair Kathryn Harrington.
“We are pleased to partner with the Housing Authority of Washington County to build critically needed housing with services for 144 families and seniors. Public-private partnerships like these are essential to address the state's affordable housing supply shortage,” said Ann Silverberg CEO of Related Northwest.
ABOUT RELATED NORTHWEST: Related Companies is a fully integrated real estate firm with a 33-year track record of delivering affordable, mixed-income housing and mixed-use developments. In 2018, Related’s affordable housing footprint expanded into the Pacific Northwest as Related Northwest. The company has completed more than 450 affordable units and has more than 600 units under construction and in predevelopment. Related Northwest is continuing the tradition of partnering with local organizations and jurisdictions with the unwavering commitment to deliver high-quality affordable housing for low-income individuals and families.
ABOUT HOUSING AUTHORITY OF WASHINGTON COUNTY: The Housing Authority of Washington County has been providing and developing affordable housing opportunities for over 50 years. Today, the effort continues with the county’s Department of Housing Services, formed in 1992 to administer both its housing activities and programs and that of Washington County. Its mission is to provide a continuum of affordable housing options that promote community strength.