PORTLAND, Ore. — The number of affordable homes in Aloha, Oregon, is growing with the opening of Cedar Rising. It will provide 81 affordable homes that will prioritize families in the Latino and Asian communities that make up about one-third of the city's population, according to the news release.
More than half of the units at Cedar Rising are two- and three-bedroom apartments. All of the studios and one-bedroom apartments, around half of the total units, will be reserved for people earning 30% of the area median income or less. Rent for those units will cost between $555 a month for a studio and $597 for a one-bedroom.
The remaining units will be two- and three-bedroom units offered to those earning 60% or less of the area median income, where rent will be between $1,473 and $1,703 a month. In Aloha, the median rent is approximately $1,563 for a two-bedroom apartment and closer to $2,000 a month for a three-bedroom.
Cedar Rising is located a block away from a bus stop on Southwest Tualatin Valley Highway near the Black Rock Coffee Bar.
“Not only is Cedar Rising focused on housing historically underserved communities," Metro Housing Director Patricia Rojas said, "it’s also fighting displacement by providing opportunities for low-income families to stay in a great neighborhood with access to high-frequency public transit."
The $33.6 million project, developed by BRIDGE housing, was funded in part with $10.2 million from the voter-approved Metro affordable housing bond, $500,000 in Washington County funds and $450,000 from Metro's Transit-Oriented Development program.
“Cedar Rising is yet another example of how the affordable housing bond is addressing a critical problem for our community,” said Washington County Chair Kathryn Harrington. “It has enabled us to develop affordable homes for families priced out by ever-rising rents. And it has shown us that it takes strong partnerships to expand the supply of housing for individuals and families who are most at risk to becoming homeless.”
