Construction to build Lane County’s fifth affordable housing cooperative continues after its developer closed on trailblazing state funding.
Leaders and major donors with SquareOne Villages, as well as Eugene Mayor Kaarin Knudson, on Monday toured the future site of Rosa Village, a 52-unit project being built at 2243 Roosevelt Blvd., to celebrate the development receiving $10.3 million in financing in March. The nonprofit hopes to finish construction by the end of 2026 and welcome residents by early next year.
Rosa Village received over $7 million through the state’s Local Innovation and Fast Track Homeownership Program, marking the first-ever loan awarded to a cooperatively owned housing development. The development also got a construction loan from Summit Bank…