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Related Northwest outlines 186‑unit proposal at Ferguson and 27th, explores income‑mix options
Summary
Related Northwest presented a roughly 186‑unit affordable housing proposal for the Ferguson/27th site, proposing mostly 60% AMI units with potential to add 80% AMI middle‑income components through supplemental philanthropic/state funding.
Representatives from Related Northwest told the committee they are proposing roughly 186 units near Ferguson and 27th as part of a larger master development and asked the committee to consider funding and policy supports that would help the project proceed.
The presenter described the development as three new three‑story buildings focused on workforce and family units, with an emphasis on larger unit sizes for families and resident amenity space. “We're contemplating kind of studios through three‑bedrooms right now...the majority of the project will be under 60% AMI,” the presenter said, adding there was potential for a small middle‑income/80% AMI component if paired with philanthropic or other funding sources.
The team discussed purchase structure, project phasing and potential sources—citing the Oregon Community Foundation’s new program as a possible avenue to add more middle‑income units through income averaging. Committee members probed acquisition, developer fees included in basis, phasing, and how the project might interface with the master developer and annexation process; presenters said the site would be stubbed to serve vertical construction and that some costs were being structured to be eligible basis under LIHTC-type transactions.
No funding decisions were made; the application will be included in the committee’s July deliberations.
