BRIDGE is a leading nonprofit developer, owner and manager of affordable homes on the West Coast.
A mix of one-, two- and three-bedroom apartments, Goldcrest Apartments will be affordable to families earning 30%-60% of the Area Median Income (AMI), currently $31,950-$63,900 for a family of four. Planned ground-floor common spaces include a community room with shared kitchen, onsite management and services offices, laundry rooms on each level, secure indoor bike parking and two elevators. Onsite resident services will be provided by Hacienda CDC, and Goldcrest is targeting Earth Advantage Platinum certification.
Beaverton Mayor Lacey Beaty said, “This development will help us meet our goals for affordable housing as well as climate action. I couldn’t be more excited to break ground on this much-needed project that will restore dignity and provide stable housing to our neighbors.”
Surrounded by new market-rate single-family homes and multifamily development, Goldcrest will ensure that permanently affordable homes are part of this inclusive community. The site was selected due to its proximity to parks, schools, retail services and future transit expansion on SW Scholls Ferry Road.
Financial partners include the City of Beaverton Housing Investment Funds and SDC Offset, Metro Affordable Housing Bond, Key Bank, Oregon Housing and Community Services, Washington County HPOF, and the Energy Trust of Oregon. The architect for Goldcrest is Salazar Architect, and the general contractor is Colas Construction.
“This project is another exceptional opportunity funded by Metro voters,” said District 3 Metro Councilor Gerritt Rosenthal. “It brings affordability to a beautiful area of our community where folks will have access to great education, parks, retail and food options. I applaud the City of Beaverton’s leadership in helping us redefine affordable housing. We are building a region for everyone.”
Washington County Chair Kathryn Harrington said, “Washington County is thrilled to collaborate with many partners to make this Goldcrest project a reality providing much-needed affordable housing here in our community. These beautifully and efficiently designed homes will provide dignity and livability for the future residents. By contributing County general tax dollars through our Housing Production Opportunity Fund, we expand the supply of affordable housing, providing housing stability for even more community members, and also make strides towards a future where homelessness is rare and short lived.”
“Goldcrest Apartments will be one of the first regulated affordable housing projects in Southwest Beaverton,” said Commissioner Nafisa Fai, Washington County District 1, “providing a chance for the hard-working people of my district, who are being squeezed out by sky-rocketing housing prices, to be able to be a part of this new community and therefore make it a truly inclusive and thriving neighborhood for generations to come.”
Andrea Bell, Director, Oregon Housing and Community Services, said: “How we respond to the urgency of Oregon’s housing supply shortage matters, now and for future generations. It is imperative that through lens of humanity, we strategically and forcefully pursue solutions that matter most to the people of Oregon in real ways. Ensuring access to safe and affordable housing has always been about translating our vision and hope for Oregon into formidable action. Today, we celebrate a representation of this collective commitments in action by breaking ground to welcome 75 individuals and families that will call Goldcrest home. Let us be reminded that together, positive housing outcomes can prevail.”
“We are delighted to bring 75 quality affordable homes for families to South Cooper Mountain, because inclusive housing options make communities stronger and better for everyone,” said Ken Lombard, BRIDGE Housing President and CEO. “We’re especially proud that Minority, Women and Emerging Small Businesses (MWESB) contractors represent about 39% of the construction team and 82% of professional services for Goldcrest, providing new opportunities and pathways to growth.”
“KeyBank is thrilled to work with BRIDGE Housing on this important project,” said Brett Sheehan, KeyBank CDLI Relationship Manager. “Our mission at Key is to help our communities thrive, this project will help many individuals and families meet and exceed their life and financial goals.”
“Hacienda CDC is a Latino Community Development Corporation,” said Ernesto Fonseca, CEO of Hacienda CDC, “and our mission is to strengthen families by providing affordable housing, homeownership support, economic advancement, and educational opportunities. And that is exactly what we are going to do at Goldcrest when this building opens. Today, as we celebrate this milestone, we are already thinking about the great things families will achieve with Goldcrest as their new home, and the opportunities we have to support them along the way.”
Andrew Colas, CEO & President, Colas Construction, said, “Colas Construction is proud to collaborate with the many hands and hearts behind the Goldcrest development, a project that will increase access to affordable housing for Beaverton and positively impact the local workforce with jobs in construction. As a family-owned GC (and BIPOC Prime Contractor), each component of the work charges our mission to build legacies and strengthen communities. The Goldcrest project and partnership with BRIDGE Housing is another example of our mission in action.”
For information about BRIDGE Housing, visit www.bridgehousing.com.
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