Affordable Housing Preservation
HACC's Affordable Housing Preservation Program preserves the long-term affordability of existing multi-family rental units. Under the program, HACC acquires large multi-family housing projects. Eligible properties must be in good structural condition and well located within Clackamas County to meet the needs of working families. Because the primary financing for acquisition comes from tax-exempt bonds issued by the Housing Authority and backed by project revenues, the project must also meet a series of financial criteria. A goal of the program is to achieve rents that are 10% to 20% below market rents within five to 10 years of HACC ownership.
Most of the Housing Authority's 297 units of affordable housing are in multi-family housing complexes. The Housing Authority uses a variety of management and maintenance arrangements to ensure efficient operations.
Affordable Housing Portfolio
9009 SE Causey
HACC acquired this 264-unit multi-family rental complex in 1996 as part of its Affordable Housing Preservation Program. HACC contracts out management and maintenance.
127 N Cole Avenue
Working with Community and Shelter Assistance (CASA), HACC developed this 25-unit multi-family rental housing complex for farm workers and their families. A resident manager resides in one unit. HACC contracts with a professional management company to provide management and maintenance. Qualified applicants can apply to get on the waitlist for these units as they come available, please contact the Resident Manager at 503-829-5890.
HACC also owns, maintains and/or manages four smaller multi-family rental projects that have a total of 8 units. Known as "local projects", these units are located in Oregon City and Gladstone.
For more information please call: 503-650-3535