National Equity Fund, Inc. National Equity Fund, Inc.

Extraordinary things happen when you have great partners
Since 1987, National Equity Fund® has invested more than $13 billion revitalizing neighborhoods,
fostering economic growth and creating affordable sustainable housing.

Bridge Meadows

Bridge Meadows

Senior Housing

Located in Portland, Oregon, Bridge Meadows is the seniors? portion of the larger Portland Bridge Meadows development, an innovative multigenerational community that provides housing for seniors, adoptive families and hard to place foster children who are in need of adoptive homes. It includes 27 independent- living, one and two-bedroom units for seniors 55 plus.

A portion of the senior residences will be located in a building that will also house the intergenerational center that consists of a library, computer room, several tutoring rooms, homework space, room for group activities, space for counseling and treatment services as well as a kitchen. The rest of the residences are located in three triplex buildings.

Similar intergenerational communities in Illinois and Massachusetts have demonstrated that seniors? health stabilizes and the children?s mental health and academic performance increase within these communities. While not required, seniors in the community will provide mentoring, after-school activities, tutoring and support to the children and families.

The sponsor, Portland Bridge Meadows, formerly know as Portland Hope Meadows, was specifically formed to serve as one of the general partners of this project. National Equity Fund, Inc. provided $5.3 million of LIHTC equity.


Project Details

Completed
2011
Location
4221 N Willis Boulevard
Portland, OR
Project Type
New Construction
Elderly/Multigenerational
Total Units
27
Mix of Residences
22 - 1 BR
5 - 2 BR
Limited Partnership
Bridge Meadows Senior Housing, LP
Tax Credit Equity
$5.3 million
Total Project Costs
$12.9 million
Sponsor
Portland Hope Meadows
Permanent Lenders
Portland Development Commission
Housing and Community Services, Inc.
Download Printable Project Sheet

Print Version

Download PDF

You need Adobe Acrobat Reader to view and print this Project Fact Sheet.

Download Project Sheet