The new community outside Portland brings quality affordable housing for individuals and families, as well as supportive resident services, to a fast-growing, high-demand neighborhood
BEAVERTON, Ore. (March 12, 2025) — BRIDGE Housing, the leading nonprofit affordable housing developer on the West Coast, will join Washington County Chair Kathryn Harrington, Beaverton Mayor Lacey Beaty, and other dignitaries on Thursday, March 13, to celebrate the grand opening of Altura, a 75-unit affordable housing community in Beaverton’s fast-growing South Cooper Mountain neighborhood.
Located at 12495 S.W. 172nd Terrace, Altura consists of one-, two-, and three-bedroom apartments that are affordable for households earning less than 30% to 60% of Area Median Income, which is equal to $35,400 to $70,800 for a family of four. Several units include features for residents with mobility, visibility, and hearing impairments or disabilities. Impact NW, a nonprofit that has served the Greater Portland area since 1966, is providing robust resident services.
The ribbon-cutting is slated to be attended by dozens of government leaders, housing officials, financing partners, new Altura residents, and community members.
“We are delighted to bring quality, family-friendly affordable housing to an up-and-coming area of Beaverton,” said Ken Lombard, President and CEO of BRIDGE Housing. “Altura is BRIDGE’s third affordable housing investment in the Beaverton area over the past year, extending our commitment to Washington County, our valued state and local government partners, and to the people of this great community.”
With Altura’s opening, BRIDGE Housing has more than 700 housing units in Washington County and more than 1,900 units in the Portland metropolitan area. In November 2024, BRIDGE announced the acquisition of the Bethany Meadows community just north of Beaverton, permanently preserving 340 affordable apartments. And, in June 2024, BRIDGE celebrated the grand opening of the 82-unit Cedar Rising in unincorporated Aloha.
Financing partners for Altura include the Oregon Housing and Community Services Department, Housing Authority of Washington County, Metro Affordable Housing Bond, City of Beaverton, KeyBank, and Energy Trust of Oregon.
“Altura is yet another example of how the regional affordable housing bond is making a real difference in people’s lives across our county,” said Harrington, Chair of the Washington County Board of Commissioners. “Through the efficient work of our staff and partner organizations like Metro and BRIDGE, we are literally building a brighter future together where everyone has a safe place to call home. This collaboration is in the spirit of the Oregon Way.”
“The Metro affordable housing bond is making it possible for low-income families to find housing stability in South Cooper Mountain – a place that might not have income-limited options without a regional plan,” Metro Councilor Gerritt Rosenthal said. “And places like this, that offer nearby connections to nature – with the beautiful 230-acre Cooper Mountain Nature Park just up the road – are places where any family, regardless of economic class, should be able to live and thrive.”
“Beaverton is growing, and we need to make sure that growth includes everyone. Altura represents the kind of thoughtful, community-driven development that ensures working families, educators, and frontline workers can live in the city they serve,” Mayor Beaty said. “I’m grateful to BRIDGE Housing and all our partners for helping us create more housing options that keep Beaverton accessible and welcoming to all.”
Located about six miles from downtown Beaverton and 14 miles from central Portland, Altura is the first affordable housing community in South Cooper Mountain, a rapidly developing residential area. The four-story building sits across the street from a new high school and is close to an elementary school, as well as recreational and shopping areas.
A majority of Altura’s apartments have two or three bedrooms to accommodate families. Residents include teachers, healthcare and construction workers, and maintenance technicians, among those in other fields. Property amenities include a community room, playground, BBQ areas, and bike parking.
“Altura demonstrates the power of public-private partnerships to deliver affordable housing where it is needed most on the West Coast,” said Sierra Atilano, BRIDGE’s Chief Real Estate Officer. “We are grateful to our partners who helped bring this important community to fruition and who will provide on-site services to empower Altura residents to improve their lives.”
Lisa Weaver, 44, lives at Altura with her four daughters, including a foster child who has special needs. She lost her home in 2022 after a divorce and, without savings or an income at the time, spent over two years searching for permanent housing, while homeschooling her children. Weaver is grateful to live in a housing community that has responsive management and is served by a strong school district, where she now works with special-needs students.
“The BRIDGE management team and resident services provider have been very proactive in seeking our input and providing resources for families that need support,” Weaver said. “And my oldest daughter, who will be a freshman next year, loves the fact that the high school is right across the street.”
Altura was designed by Salazar Architect to receive Earth Advantage certification, and the general contractor was Colas Construction. For more information, visit www.altura-apartments.com.
About BRIDGE Housing
BRIDGE Housing Corporation is a leading nonprofit developer, owner, and manager of high-quality affordable housing on the West Coast, with a mission to strengthen communities and improve lives. Founded in 1983, BRIDGE Housing has participated in the creation of more than 22,000 affordable homes in California, Oregon and Washington, with a total development cost of $5.8 billion. Its current portfolio totals more than 14,000 apartments that are home to more than 30,000 residents, with more than 10,000 additional units in the development and acquisition pipelines. For more information, visit www.bridgehousing.com.
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