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December 1, 2023

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Walker Rd & NE 101st Ave

New Construction, Site Work

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$11,000,000.00

Public - City

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Walker Rd & NE 101st Ave, Hillsboro, OR

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As of October 18, 2023, an award has been made. As part of Metro Housing Bond implementation, Metro and the City of Hillsboro invite proposals from for-profit and non-profit development partners for the development of affordable multifamily rental housing on two Metro-owned properties at the northwest corner of NE Walker Rd. and NE 101st Ave in the Tanasbourne area of Hillsboro. Metro and the City will make the subject properties available through competitive solicitation and project selection by way of this Request for Proposals (RFP) and the City will make a portion of its share of Regional Housing Bond funds available to help finance the selected project. Land -The subject site is comprised of two (2) abutting properties totaling approximately 1.95 net developable acres at the Northwest corner of NE Walker Rd and NE 101st Ave. in Hillsboro. Capital Funding -A not-to-exceed amount of up to $11.0 Million in Metro Regional Housing Bond funds will be made available for the selected project. Project-Based Rental Assistance -Once selected, developer/sponsor may apply to the Housing Authority of Washington County for an allocation of up to 15 project-based Section 8 vouchers for the project. Property Tax Exemption for Nonprofit-Owned Affordable Housing -The City of Hillsboro offers a Property Tax Exemption for qualifying affordable housing held by charitable, nonprofit organizations. The method of contractor selection has not been determined at this time.

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