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Council approves IGA with TriMet to advance Willow Creek Park-and-Ride affordable housing project
Summary
Council approved an intergovernmental agreement with TriMet that will make roughly 2.92 acres at the Willow Creek Park-and-Ride available for an affordable-housing developer; the city reserves remaining Metro housing bond funds to support at least 110 affordable units.
The council approved an intergovernmental agreement (IGA) on Feb. 18 with TriMet to advance an affordable-housing project at the Willow Creek Park-and-Ride (adjacent to the Willow Creek MAX station). TriMet will offer about 2.92 acres at the north end of the site to a developer selected through a competitive request-for-proposals process; the negotiated land sales price in the IGA is $1,250,000 (staff said the appraised value exceeds $3,000,000).
The city will reserve its remaining Metro housing bond allocation (approximately $1.55 million) to support the selected project. Staff said the Willow Creek project is expected to produce a minimum of 110 affordable units, which would allow the city to exceed its overall Metro-bond production target. The city’s bond funds, staff emphasized, will remain at Metro in reserve until the chosen project secures final approvals and closes financing; Metro funds are disbursed only after a project achieves required approvals.
Staff said TriMet purchased the property with Federal Transit Administration grant funds and has discussed the proposed disposition with the FTA; TriMet staff reported no impediment so far. The project is expected to pursue federal Low Income Housing Tax Credits and may include project-based Section 8 vouchers administered by the Washington County Housing Authority.
The IGA directs TriMet to issue a developer RFP (staff planned the RFP within weeks) and to coordinate a developer-selection process that will include a city advisory panel and a future City Council recommendation for award. TriMet’s sale and conveyance to the selected developer is part of the project implementation sequence; staff estimated project selection by July and construction-financing milestones in 2026–27, subject to competitive funding.
Ending: Council approved the IGA after brief committee-level review. Staff will return with an RFP timeline, solicit developer proposals, convene a selection advisory panel, and return to council with a recommendation for the selected developer.
