Eugene’s efforts to mitigate the affordable housing crisis advanced with the City Council’s approval of $700,000 in Affordable Housing Trust Funds (AHTF) for three distinct housing projects. One such project, Legacy Park by Cascade Housing Association, is set to receive $373,832 for the development of 47 affordable rental units on River Road, as reported by Eugene’s official website. This development promises a selection of one-, two-, and three-bedroom apartments alongside amenities including a community room and a playground.
With an award of $200,000, Community Development Partners’ Park Run will see the construction of 158 affordable rental units on South Garden Way. The project targets residents earning up to 60% of the Area Median Income (AMI), with some units set aside for those earning up to 30% AMI, as per the City of Eugene. This sprawling complex will feature a range of living spaces from studios to three-bedroom units and is designed with family-friendly facilities, including a children’s play area.
Cornerstone Community Housing’s The Lucy, poised on Hunsaker Lane, will add 36 new rental homes to the local housing mix, according to the City of Eugene. A financial shortfall prompted by rising construction and insurance costs threatened the project’s viability. Yet, a lifeline in the form of a recent AHTF award totaling $136,047 and additional city financial aid has solidified its path to construction, once state funding comes through…